The prices in real estate in Sioux Falls, in the South Dakota region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Sioux Falls has fallen in the last 6 months. In April, the average price per sq.feet was $141. In the following month the price per sq.feet decreased to $132. In the following two months the price per sq.feet has barely changed, going from $136.5 to $133 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $134.75 to $134 during August y September
Based upon to the price in Sioux Falls (cities), this has gone up in the last 6 months. The price in April is $245,580, rising in May till $260,444. In the following two months the average price has remained the same with regard to the previous two months from $253,012 to $252,995. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $271,363 they are 49 % more affordable than the average price for Sioux Falls. The properties with the highest average price have 4 bedrooms, Their price is 2 % more costly than the average. After that we have properties with 3 bedrooms priced at $227,722.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $124 / sq.feet, with an average $131 / sq.feet price in Sioux Falls. The properties with the highest average prices have 1 bedroom. They are 27 % more expensive than the average followed by properties with 2 bedrooms with a price at $152 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $271,363 it is 13 % cheaper than the average price in Sioux Falls. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Townhouse". At a price of $261,119 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $115 / sq.feet followed by "Townhouse" priced at $130 / sq.feet. "Condo" is the most costly type of property with a $135 / sq.feet cost followed by "Townhouse" with an average price of $130 / sq.feet.