The prices in real estate in Sparta, in the Tennessee 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 Sparta has fallen in the last 6 months. In October, the average price per sq.feet was $176. In the following month the price per sq.feet decreased to $151. In the following two months the price per sq.feet has increased 112 %, going from $163.5 to $183 per sq.feet. The price per sq.feet has decreased 91 % 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 $173.25 to $157.5 during February, and March.
Based upon to the price in Sparta (cities), these have remained the same in the last 6 months. The average price for October is $374,539. During November the price had a slight fall till $350,692. During the following two months (December, January) the average price had a considerable increase of 120 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $398,505.25 to $367,315 in 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 $351,000 they are 61 % more affordable than the average price for Sparta. The properties with the highest average price have 1 bedroom, Their price is 647 % more costly than the average. After that we have properties with 4 bedrooms priced at $409,072.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $105 / sq.feet, with an average $163 / sq.feet price in Sparta. The properties with the highest average prices have 1 bedroom. They are 3455 % more expensive than the average followed by properties with 3 bedrooms with a price at $147 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $351,000 it is 73 % cheaper than the average price in Sparta. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $93,386 it is 13 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $76 / sq.feet followed by "House" priced at $123 / sq.feet. "House" is the cheapest type of property with a $123 / sq.feet value followed by "Commercial" with an average price of $76 / sq.feet.