The prices in real estate in Sioux City, in the Iowa 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 Sioux City has increased strongly during the last 6 months. In August, the average price per sq.feet was $102. In the following month the price per sq.feet decreased to $94. In the following two months the price per sq.feet has barely changed, going from $98 to $95 per sq.feet. The price per sq.feet has had a considerable increase of 200 % 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 $96.5 to $193 during December, and January.
Based upon to the price in Sioux City (cities), this has gone downing the last 6 months. The average price for August is $202,631. During September the price had a slight fall till $183,516. During the following two months (October, November) the average price fell 89 % with regard to the previous two months. 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 $182,889 and $177,531 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $171,271 they are 71 % more affordable than the average price for Sioux City. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $171,871.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $80 / sq.feet, with an average $285 / sq.feet price in Sioux City. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $300 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $171,271 it is 14 % cheaper than the average price in Sioux City. "House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $160,655 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $81 / sq.feet followed by "House" priced at $88 / sq.feet. "Detached House" is the cheapest type of property with a $104 / sq.feet value followed by "House" with an average price of $88 / sq.feet.