Property prices for sale in Sioux Falls (South Dakota)
The prices in real estate in Sioux Falls, in the South Dakota 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 Falls has increased strongly during the last 6 months. In October, the average price per sq.feet was $840. In the following month the price per sq.feet increased considerably to $1,336. The price for the following two months in (December, January) had a considerable increment of 266 %. The price per sq.feet has had a considerable increase of 127 % 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 $1,993 to $2,523.5 during February, and March.
Based upon to the price in Sioux Falls (cities), this has gone downing the last 6 months. The average price for October is $382,353. During November the price had a slight fall till $362,096. During the following two months (December, January) the average price fell 94 % 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 $361,224.25 and $361,365.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $376,223 they are 60 % more affordable than the average price for Sioux Falls. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $344,484.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $57 / sq.feet, with an average $1,663 / sq.feet price in Sioux Falls. The properties with the highest average prices have 4 bedrooms. They are 230 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,627 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $376,223 it is 34 % cheaper than the average price in Sioux Falls. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $354,290 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $96 / sq.feet followed by "Condo" priced at $205 / sq.feet. "Land" is the most costly type of property with a $108,103 / sq.feet cost followed by "House" with an average price of $3,190 / sq.feet.
