The prices in real estate in Terre Haute, 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 Terre Haute has increased strongly during the last 6 months. In February, the average price per sq.feet was $70. In the following month the price per sq.feet increased to $75. In the following two months the price per sq.feet has barely changed, going from $72.5 to $71.5 per sq.feet. The price per sq.feet has had a considerable increase of 132 % 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 $72 to $95 during June, and July.
Based upon to the price in Terre Haute (cities), these have remained the same in the last 6 months. In our first sample month during February, the average price is $131,999. In March This price remains at $130,327. In the following two months the average price has remained the same with regard to the previous two months from $131,163 to $127,776.5. 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 $143,439 they are 72 % more affordable than the average price for Terre Haute. The properties with the highest average price have 4 bedrooms, Their price is 49 % more costly than the average. After that we have properties with 3 bedrooms priced at $116,168.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $33 / sq.feet, with an average $118 / sq.feet price in Terre Haute. The properties with the highest average prices have 3 bedrooms. They are 30 % more expensive than the average followed by properties with 4 bedrooms with a price at $110 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $143,439 it is 9 % cheaper than the average price in Terre Haute. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $131,963 it is 261 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $63 / sq.feet followed by "Townhouse" priced at $457 / sq.feet. "House" is the most costly type of property with a $700 / sq.feet cost followed by "Townhouse" with an average price of $457 / sq.feet.