Property prices for sale in Wallace (Idaho)

The prices in real estate in Wallace, in the Idaho region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.

Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Wallace has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,906. In the following month the price per sq.feet decreased considerably to $131. The price for the following two months in (January, February) had a considerable decrease of 58 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 19 % 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 $1,199.75 to $230.5 during March, and April.

Average price

Based upon to the price in Wallace (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $372,343. During December the price went through a considerable rise reaching $715,000. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $527,621.5 and $519,500 between March and April.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $326,429 they are 30 % more affordable than the average price for Wallace. The properties with the lowest average price have 2 bedrooms, Their price is 5 % cheaper than the average. After that we have properties with 4 bedrooms priced at $287,152.

With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $26 / sq.feet, with an average $224 / sq.feet price in Wallace. The properties with the highest average prices have 1 bedroom. They are 14 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $326,429 it is 20 % cheaper than the average price in Wallace. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $285,076 it is 12 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $26 / sq.feet followed by "Commercial" priced at $86 / sq.feet. "Townhouse" is the cheapest type of property with a $90 / sq.feet value followed by "Commercial" with an average price of $86 / sq.feet.

Charts data
Average price April
Average price per sq.feet April
Number of properties used in Wallace
Number of properties used in region Idaho
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value