Property prices for sale in Spencer (Indiana)
The prices in real estate in Spencer, in the Indiana 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 Spencer has increased strongly during the last 6 months. In October, the average price per sq.feet was $159. In the following month the price per sq.feet increased considerably to $185. In the following two months the price per sq.feet has barely changed, going from $172 to $174.5 per sq.feet. The price per sq.feet has had a considerable increase of 434 % 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 $752 during February, and March.
Based upon to the price in Spencer (cities), this has fallen considerably in the last 6 months. The average price for October is $415,960. During November the price had a slight fall till $392,205. During the following two months (December, January) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $376,171.5 to $307,363.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $308,968 they are 19 % more affordable than the average price for Spencer. The properties with the highest average price have 1 bedroom, Their price is 116 % more costly than the average. After that we have properties with 4 bedrooms priced at $493,785.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $144 / sq.feet, with an average $364 / sq.feet price in Spencer. The properties with the highest average prices have 1 bedroom. They are 274 % more expensive than the average followed by properties with 2 bedrooms with a price at $183 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $308,968 it is 89 % cheaper than the average price in Spencer. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $34,617 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $166 / sq.feet followed by "Land" priced at $17,933 / sq.feet. "Land" is the most costly type of property with a $17,933 / sq.feet cost followed by "House" with an average price of $166 / sq.feet.
