The prices in real estate in West Chicago, in the Illinois region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in West Chicago has increased during the last 6 months. In June, the average price per sq.feet was $154. In the following month the price per sq.feet increased to $171. The price for the following two months in (August, September) had a considerable increment of 126 %. The price per sq.feet has had a considerable deflation of 82 % 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 $183.5 to $150.5 during October, and November.
Based upon to the price in West Chicago (cities), this has gone downing the last 6 months. The price in June is $452,313, rising in July till $496,371. During the following two months (August, September) the average price fell 91 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $453,794.25 to $345,886, which means a 76 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $340,905 they are 40 % more affordable than the average price for West Chicago. The properties with the highest average price have 4 bedrooms, Their price is 25 % more costly than the average. After that we have properties with 3 bedrooms priced at $312,673.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $141 / sq.feet, with an average $153 / sq.feet price in West Chicago. The properties with the highest average prices have 1 bedroom. They are 25 % more expensive than the average followed by properties with 2 bedrooms with a price at $163 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $340,905 it is 42 % cheaper than the average price in West Chicago. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Farm". At a price of $248,427 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $88 / sq.feet followed by "Condo" priced at $138 / sq.feet. "House" is the cheapest type of property with a $152 / sq.feet value followed by "Condo" with an average price of $138 / sq.feet.