The prices in real estate in River Forest, in the Illinois region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in River Forest has fallen in the last 6 months. In October, the average price per sq.feet was $320. In November this price pretty much remained the same at a value of $313 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $316.5 to $319 per sq.feet. The price per sq.feet has had a considerable deflation of 77 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $317.75 to $244 during February, and March.
Based upon to the price in River Forest (cities), this has fallen considerably in the last 6 months. The average price for October is $788,140. During November the price had a slight fall till $741,956. In the following two months the average price has remained the same with regard to the previous two months from $765,048 to $730,022. During the last two months the average price has had a strong fall compared to the previous four going from $747,535 to $566,119, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $579,083 they are 66 % more affordable than the average price for River Forest. The properties with the highest average price have 4 bedrooms, Their price is 135 % more costly than the average. After that we have properties with 3 bedrooms priced at $417,188.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $206 / sq.feet, with an average $241 / sq.feet price in River Forest. The properties with the highest average prices have 4 bedrooms. They are 33 % more expensive than the average followed by properties with 1 bedroom with a price at $218 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $579,083 it is 54 % cheaper than the average price in River Forest. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $1,105,636 it is 107 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $198 / sq.feet followed by "Condo" priced at $200 / sq.feet. "Detached House" is the most costly type of property with a $381 / sq.feet cost followed by "House" with an average price of $320 / sq.feet.