Property prices for sale in Siloam Springs (Arkansas)
The prices in real estate in Siloam Springs, in the Arkansas 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 Siloam Springs has increased strongly during the last 6 months. In October, the average price per sq.feet was $184. In the following month the price per sq.feet decreased to $172. In the following two months the price per sq.feet has barely changed, going from $178 to $170 per sq.feet. The price per sq.feet has had a considerable increase of 470 % 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 $174 to $818 during February, and March.
Based upon to the price in Siloam Springs (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $326,272. In November This price remains at $319,897. In the following two months the average price has remained the same with regard to the previous two months from $323,084.5 to $314,521. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $318,802.75 and $308,161 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $307,087 they are 32 % more affordable than the average price for Siloam Springs. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $308,350.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $158 / sq.feet, with an average $1,464 / sq.feet price in Siloam Springs. The properties with the lowest average prices have 2 bedrooms. They are 87 % cheaper than the average followed by properties with 1 bedroom with a price at $189 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $307,087 it is 31 % cheaper than the average price in Siloam Springs. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $289,684 it is 12 % 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 $163 / sq.feet followed by "Apartment" priced at $243 / sq.feet. "Condo" is the most costly type of property with a $23,956 / sq.feet cost followed by "Detached House" with an average price of $390 / sq.feet.
