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 April, the average price per sq.feet was $179. In the following month the price per sq.feet increased considerably to $1,986. The price for the following two months in (June, July) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable increase of 136 % 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 $853.5 to $1,164 during August, and September.
Based upon to the price in Shorewood (cities), this has gone up in the last 6 months. The average price during our first sample month during April, is $501,258. During May the price went through a considerable rise reaching $758,086. During the following two months (June, July) the average price had a considerable reduction of 82 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $572,288 to $523,322 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $509,250 they are 48 % more affordable than the average price for Shorewood. The properties with the lowest average price have 1 bedroom, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $462,865.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $163 / sq.feet, with an average $1,049 / sq.feet price in Shorewood. The properties with the highest average prices have 4 bedrooms. They are 8 % more expensive than the average followed by properties with 1 bedroom with a price at $306 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $509,250 it is 47 % cheaper than the average price in Shorewood. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $376,171 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $92 / sq.feet followed by "Condo" priced at $115 / sq.feet. "House" is the most costly type of property with a $1,093 / sq.feet cost followed by "Commercial" with an average price of $121 / sq.feet.