The prices in real estate in Rock Island, in the Illinois region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Rock Island has increased strongly during the last 6 months. In April, the average price per sq.feet was $69. In the following month the price per sq.feet increased considerably to $407. The price for the following two months in (June, July) had a considerable increment of 171 %. The price per sq.feet has had a considerable deflation of 20 % 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 $322.25 to $64 during August, and September.
Based upon to the price in Rock Island (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $148,860. During May the price went through a considerable rise reaching $342,350. During the following two months (June, July) the average price had a considerable increase of 164 % 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 $323,607.25 to $76,737.5, which means a 24 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $98,464 they are 16 % more affordable than the average price for Rock Island. The properties with the highest average price have 4 bedrooms, Their price is 149 % more costly than the average. After that we have properties with 3 bedrooms priced at $141,947.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $72 / sq.feet, with an average $74 / sq.feet price in Rock Island. The properties with the highest average prices have 4 bedrooms. They are 15 % more expensive than the average followed by properties with 1 bedroom with a price at $76 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $98,464 it is 18 % cheaper than the average price in Rock Island. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $84,115 it is 3 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $70 / sq.feet followed by "House" priced at $73 / sq.feet. "House" is the cheapest type of property with a $73 / sq.feet value followed by "Condo" with an average price of $70 / sq.feet.