The prices in real estate in Robbins, in the Illinois region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Robbins has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $98. In the following month the price per sq.feet decreased considerably to $75. The price for the following two months in (November, December) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $79.75 to $74 during January, and February.
Based upon to the price in Robbins (cities), this has fallen considerably in the last 6 months. The average price for September is $187,515. During October the price had a considerable reduction till $130,789. During the following two months (November, December) the average price had a considerable reduction of 61 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $128,140.5 to $90,411, which means a 71 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $121,605 they are 75 % more affordable than the average price for Robbins. The properties with the lowest average price have 1 bedroom, Their price is 74 % cheaper than the average. After that we have properties with 2 bedrooms priced at $30,885.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $121,605 it is 75 % cheaper than the average price in Robbins. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $94,139 it is 22 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $21 / sq.feet followed by "House" priced at $23 / sq.feet. "House" is the cheapest type of property with a $23 / sq.feet value followed by "Condo" with an average price of $21 / sq.feet.