The prices in real estate in Rock Falls, 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 Rock Falls has had a strong decrease during the last 6 months. In June, the average price per sq.feet was $75. In the following month the price per sq.feet decreased to $66. The price for the following two months in (August, September) decreased 90 % 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 $67 to $62 during October, and November.
Based upon to the price in Rock Falls (cities), this has fallen considerably in the last 6 months. The average price for June is $108,359. During July the price had a considerable reduction till $91,956. During the following two months (August, September) the average price fell 91 % 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 $95,537 to $80,600, which means a 84 % fall.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 5 % more costly than the average price of $78,145 in Rock Falls. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 5 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 15 % cheaper than the average price of ($53 / sq.feet) in Rock Falls. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 15 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $74,329 it is 14 % cheaper than the average price in Rock Falls. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $64,046 it is 5 % 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 $42 / sq.feet followed by "House" priced at $53 / sq.feet. "House" is the cheapest type of property with a $53 / sq.feet value followed by "Townhouse" with an average price of $42 / sq.feet.