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 December, the average price per sq.feet was $69. In the following month the price per sq.feet increased considerably to $81. The price for the following two months in (February, March) had a considerable increment of 465 %. The price per sq.feet has had a considerable increase of 527 % 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 $211.75 to $1,116 during April, and May.
Based upon to the price in Terre Haute (cities), this has gone up in the last 6 months. The average price for December is $144,217. During January the price had a slight fall till $124,317. In the following two months the average price has remained the same with regard to the previous two months from $134,267 to $137,670. Based on an analysis of the first four prices and the last two months the average price has risen strongly 133 % 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 $204,922 they are 80 % more affordable than the average price for Terre Haute. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $124,083.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $55 / sq.feet, with an average $1,363 / sq.feet price in Terre Haute. The properties with the lowest average prices have 4 bedrooms. They are 94 % cheaper than the average followed by properties with 3 bedrooms with a price at $69 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $204,922 it is 37 % cheaper than the average price in Terre Haute. "Condo" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $203,066 it is 150 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $53 / sq.feet followed by "House" priced at $66 / sq.feet. "Townhouse" is the cheapest type of property with a $447 / sq.feet value followed by "Apartment" with an average price of $81 / sq.feet.