The prices in real estate in Springfield, in the Missouri 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 Springfield has increased strongly during the last 6 months. In July, the average price per sq.feet was $103. In the following month the price per sq.feet increased considerably to $402. The price for the following two months in (September, October) had a considerable decrease of 35 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 57 % 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 $170.5 to $96.5 during November, and December.
Based upon to the price in Springfield (cities), this has gone up considerably in the last 6 months. The price in July is $135,792, rising in August till $151,424. During the following two months (September, October) the average price had a considerable increase of 136 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % 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 $224,531 they are 81 % more affordable than the average price for Springfield. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $187,794.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $61 / sq.feet, with an average $100 / sq.feet price in Springfield. The properties with the highest average prices have 3 bedrooms. They are 3 % more expensive than the average followed by properties with 4 bedrooms with a price at $96 / sq.feet.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of $224,531 it is 46 % cheaper than the average price in Springfield. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $162,127 it is 15 % 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 $66 / sq.feet followed by "Condo" priced at $110 / sq.feet. "Office" is the most costly type of property with a $590 / sq.feet cost followed by "Farm" with an average price of $157 / sq.feet.