The prices in real estate in Senatobia, in the Mississippi 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 Senatobia has had a strong decrease during the last 6 months. In September, the average price per sq.feet was $2,385. In the following month the price per sq.feet decreased considerably to $1,424. The price for the following two months in (November, December) had a considerable decrease of 7 with regard to the prior two months. The price per sq.feet has had a considerable increase of 125 % 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 $1,021.25 to $1,276.5 during January, and February.
Based upon to the price in Senatobia (cities), these have remained the same in the last 6 months. The price in September is $289,952, rising in October till $311,259. In the following two months the average price has remained the same with regard to the previous two months from $300,605.5 to $289,931. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $295,268.25 to $276,258 in January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $273,661 they are 79 % more affordable than the average price for Senatobia. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $252,378.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $53 / sq.feet, with an average $2,419 / sq.feet price in Senatobia. The properties with the lowest average prices have 4 bedrooms. They are 94 % cheaper than the average followed by properties with 1 bedroom with a price at $125 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of $273,661 it is 7 % more expensive than the average price in Senatobia. "Land" is seen as the second dearest property type. The dearest property type is "Land" followed by "House". At a price of $291,862 it is 75 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $130 / sq.feet followed by "Land" priced at $33,192 / sq.feet. "Land" is the most costly type of property with a $33,192 / sq.feet cost followed by "House" with an average price of $130 / sq.feet.