The prices in real estate in Tupelo, in the Mississippi 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 Tupelo has fallen in the last 6 months. In November, the average price per sq.feet was $2,241. In the following month the price per sq.feet decreased to $2,004. In the following two months the price per sq.feet has increased 110 %, going from $2,122.5 to $2,342.5 per sq.feet. The price per sq.feet has had a considerable deflation of 79 % 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 $2,232.5 to $1,765.5 during March, and April.
Based upon to the price in Tupelo (cities), this has gone up in the last 6 months. The price in November is $278,854, rising in December till $300,188. During the following two months (January, February) the average price fell 95 % 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 gone up 110 % 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 $333,546 they are 97 % more affordable than the average price for Tupelo. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $223,956.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $30 / sq.feet, with an average $562 / sq.feet price in Tupelo. The properties with the lowest average prices have 4 bedrooms. They are 33 % cheaper than the average followed by properties with 2 bedrooms with a price at $170 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $333,546 it is 71 % cheaper than the average price in Tupelo. "Condo" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $312,982 it is 42 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $149 / sq.feet followed by "House" priced at $976 / sq.feet. "Apartment" is the most costly type of property with a $14,895 / sq.feet cost followed by "House" with an average price of $976 / sq.feet.