The prices in real estate in Western Springs, 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 Western Springs has increased during the last 6 months. In July, the average price per sq.feet was $254. In August this price pretty much remained the same at a value of $265 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $259.5 to $280.5 per sq.feet. The price per sq.feet has increased 106 % 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 $270 to $286 during November, and December.
Based upon to the price in Western Springs (cities), this has gone up considerably in the last 6 months. The price in July is $619,427, rising in August till $709,350. During the following two months (September, October) the average price had a considerable increase of 117 % 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 113 % 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 $792,164 they are 52 % more affordable than the average price for Western Springs. The properties with the highest average price have 1 bedroom, Their price is 48 % more costly than the average. After that we have properties with 4 bedrooms priced at $803,029.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $205 / sq.feet, with an average $286 / sq.feet price in Western Springs. The properties with the highest average prices have 1 bedroom. They are 1031 % more expensive than the average followed by properties with 4 bedrooms with a price at $256 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $792,164 it is 34 % cheaper than the average price in Western Springs. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Townhouse". At a price of $759,305 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $165 / sq.feet followed by "Townhouse" priced at $227 / sq.feet. "Condo" is the cheapest type of property with a $254 / sq.feet value followed by "Townhouse" with an average price of $227 / sq.feet.