The prices in real estate in South Milwaukee, in the Wisconsin region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in South Milwaukee has increased during the last 6 months. In September, the average price per sq.feet was $148. In the following month the price per sq.feet increased to $158. In the following two months the price per sq.feet has barely changed, going from $153 to $148.5 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $150.75 to $177 during January, and February.
Based upon to the price in South Milwaukee (cities), this has gone up considerably in the last 6 months. The price in September is $247,446, rising in October till $263,955. During the following two months (November, December) the price has had an average incrementation from $255,700.5 to $276,642.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 132 % 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 $349,116 they are 56 % more affordable than the average price for South Milwaukee. The properties with the lowest average price have 3 bedrooms, Their price is 27 % cheaper than the average. After that we have properties with 4 bedrooms priced at $231,042.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $172 / sq.feet price in South Milwaukee. The properties with the lowest average prices have 3 bedrooms. They are 1 % cheaper than the average followed by properties with 4 bedrooms with a price at $138 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $349,116 it is 61 % cheaper than the average price in South Milwaukee. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $150,403 it is 32 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $32 / sq.feet followed by "Duplex" priced at $35 / sq.feet. "House" is the cheapest type of property with a $153 / sq.feet value followed by "Condo" with an average price of $67 / sq.feet.