Property prices for sale in Shorewood (Illinois)
The prices in real estate in Shorewood, 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 Shorewood has increased strongly during the last 6 months. In November, the average price per sq.feet was $245. In the following month the price per sq.feet decreased to $224. The price for the following two months in (January, February) had a considerable increment of 139 %. The price per sq.feet has had a considerable increase of 180 % 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 $279.75 to $504 during March, and April.
Based upon to the price in Shorewood (cities), this has gone up in the last 6 months. The average price for November is $645,643. During December the price had a slight fall till $558,290. During the following two months (January, February) the average price had a considerable increase of 116 % 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 gone up 110 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $761,417 they are 74 % more affordable than the average price for Shorewood. The properties with the lowest average price have 3 bedrooms, Their price is 25 % cheaper than the average. After that we have properties with 4 bedrooms priced at $512,727.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $186 / sq.feet, with an average $252 / sq.feet price in Shorewood. The properties with the lowest average prices have 3 bedrooms. They are 1 % cheaper than the average followed by properties with 1 bedroom with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $761,417 it is 58 % cheaper than the average price in Shorewood. "Land" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Townhouse". At a price of $838,700 it is 43 % 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 $210 / sq.feet followed by "House" priced at $233 / sq.feet. "Land" is the most costly type of property with a $29,718 / sq.feet cost followed by "Duplex" with an average price of $1,595 / sq.feet.
