Property prices for sale in West Memphis (Arkansas)
The prices in real estate in West Memphis, in the Arkansas 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 Memphis has increased during the last 6 months. In November, the average price per sq.feet was $104. In December this price pretty much remained the same at a value of $106 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $105 to $109 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $107 to $111.5 during March y April
Based upon to the price in West Memphis (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $177,966. In December This price remains at $177,750. During the following two months (January, February) the average price fell 86 % 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 gone up 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $192,931 they are 58 % more affordable than the average price for West Memphis. The properties with the highest average price have 4 bedrooms, Their price is 45 % more costly than the average. After that we have properties with 1 bedroom priced at $81,302.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $108 / sq.feet, with an average $110 / sq.feet price in West Memphis. The properties with the highest average prices have 1 bedroom. They are 188 % more expensive than the average followed by properties with 3 bedrooms with a price at $312 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $192,931 it is 92 % cheaper than the average price in West Memphis. "Land" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Land". At a price of $80,083 it is 10 % 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 $98 / sq.feet followed by "Land" priced at $302 / sq.feet. "Land" is the most costly type of property with a $302 / sq.feet cost followed by "House" with an average price of $98 / sq.feet.
