The prices in real estate in Russell Springs, in the Kentucky 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 Russell Springs has increased strongly during the last 6 months. In November, the average price per sq.feet was $547. In December this price pretty much remained the same at a value of $564 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 252 %. The price per sq.feet has had a considerable increase of 305 % 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 $978 to $2,983 during March, and April.
Based upon to the price in Russell Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $84,601. During December the price went through a considerable rise reaching $106,709. During the following two months (January, February) the average price had a considerable increase of 135 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 185 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $248,496 they are 51 % more affordable than the average price for Russell Springs. The properties with the highest average price have 4 bedrooms, Their price is 43 % more costly than the average. After that we have properties with 3 bedrooms priced at $257,831.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $153 / sq.feet, with an average $216 / sq.feet price in Russell Springs. The properties with the highest average prices have 4 bedrooms. They are 55 % more expensive than the average followed by properties with 1 bedroom with a price at $308 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $248,496 it is 82 % cheaper than the average price in Russell Springs. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $248,835 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $156 / sq.feet followed by "House" priced at $170 / sq.feet. "Land" is the most costly type of property with a $21,221 / sq.feet cost followed by "House" with an average price of $170 / sq.feet.