The prices in real estate in Western Springs, 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 Western Springs has increased strongly during the last 6 months. In November, the average price per sq.feet was $261. In the following month the price per sq.feet increased to $292. The price for the following two months in (January, February) had a considerable increment of 115 %. The price per sq.feet has had a considerable increase of 244 % 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 $297.25 to $725.5 during March, and April.
Based upon to the price in Western Springs (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $708,718. During December the price went through a considerable rise reaching $828,400. During the following two months (January, February) the price has had an average incrementation from $768,559 to $883,028.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $931,800 they are 58 % more affordable than the average price for Western Springs. The properties with the highest average price have 1 bedroom, Their price is 28 % more costly than the average. After that we have properties with 4 bedrooms priced at $819,269.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $225 / sq.feet, with an average $1,135 / sq.feet price in Western Springs. The properties with the highest average prices have 1 bedroom. They are 192 % more expensive than the average followed by properties with 4 bedrooms with a price at $276 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $931,800 it is 43 % cheaper than the average price in Western Springs. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Townhouse". At a price of $774,662 it is 8 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $185 / sq.feet followed by "Townhouse" priced at $247 / sq.feet. "Condo" is the cheapest type of property with a $274 / sq.feet value followed by "Townhouse" with an average price of $247 / sq.feet.