Property prices for sale in West Chicago (Illinois)
The prices in real estate in West Chicago, in the Illinois 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 West Chicago has increased strongly during the last 6 months. In November, the average price per sq.feet was $1,984. In the following month the price per sq.feet increased considerably to $5,250. The price for the following two months in (January, February) had a considerable increment of 265 %. The price per sq.feet has had a considerable deflation of 59 % 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 $6,609.25 to $3,891 during March, and April.
Based upon to the price in West Chicago (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $383,751. In December This price remains at $392,298. During the following two months (January, February) the price has had an average incrementation from $388,024.5 to $410,748.5. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 $461,990 they are 79 % more affordable than the average price for West Chicago. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $344,631.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $144 / sq.feet, with an average $212 / sq.feet price in West Chicago. The properties with the lowest average prices have 3 bedrooms. They are 7 % cheaper than the average followed by properties with 4 bedrooms with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $461,990 it is 52 % cheaper than the average price in West Chicago. "Farm" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $351,170 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $47 / sq.feet followed by "Apartment" priced at $148 / sq.feet. "Detached House" is the most costly type of property with a $224 / sq.feet cost followed by "House" with an average price of $174 / sq.feet.
