The prices in real estate in West Lafayette, in the Indiana 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 Lafayette has increased strongly during the last 6 months. In January, the average price per sq.feet was $120. In February this price pretty much remained the same at a value of $125 per sq.feet. The price for the following two months in (March, April) had a considerable increment of 859 %. The price per sq.feet has had a considerable increase of 329 % 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 $587.25 to $1,933.5 during May, and June.
Based upon to the price in West Lafayette (cities), these have remained the same in the last 6 months. The price in January is $260,618, rising in February till $274,914. During the following two months (March, April) the price has had an average incrementation from $267,766 to $282,281.5. 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 $275,023.75 and $262,215.5 between May and June.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 2 % more costly than the average price of $280,493 in West Lafayette. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 2 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 93 % cheaper than the average price of ($153 / sq.feet) in West Lafayette. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 93 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $275,815 it is 12 % cheaper than the average price in West Lafayette. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $246,298 it is 2 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $85 / sq.feet followed by "Townhouse" priced at $86 / sq.feet. "Apartment" is the cheapest type of property with a $153 / sq.feet value followed by "Condo" with an average price of $138 / sq.feet.