The prices in real estate in Tyler, in the Texas 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 Tyler has increased strongly during the last 6 months. In August, the average price per sq.feet was $129. In the following month the price per sq.feet increased to $140. The price for the following two months in (October, November) had a considerable increment of 126 %. The price per sq.feet has increased 108 % 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 $152 to $164 during December, and January.
Based upon to the price in Tyler (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during August, is $335,997. During September the price went through a considerable rise reaching $431,353. During the following two months (October, November) the average price had a considerable increase of 146 % 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 118 % 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 $535,214 they are 77 % more affordable than the average price for Tyler. The properties with the lowest average price have 4 bedrooms, Their price is 11 % cheaper than the average. After that we have properties with 3 bedrooms priced at $333,892.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $104 / sq.feet, with an average $157 / sq.feet price in Tyler. The properties with the lowest average prices have 4 bedrooms. They are 15 % cheaper than the average followed by properties with 3 bedrooms with a price at $126 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $535,214 it is 47 % cheaper than the average price in Tyler. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $318,969 it is 7 % 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 $97 / sq.feet followed by "Townhouse" priced at $107 / sq.feet. "House" is the most costly type of property with a $2,756 / sq.feet cost followed by "Apartment" with an average price of $148 / sq.feet.