The prices in real estate in Willow 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 Willow Springs has increased strongly during the last 6 months. In October, the average price per sq.feet was $244. In the following month the price per sq.feet increased to $258. In the following two months the price per sq.feet has barely changed, going from $251 to $247 per sq.feet. The price per sq.feet has had a considerable increase of 9305 % 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 $249 to $23,168.5 during February, and March.
Based upon to the price in Willow Springs (cities), this has gone downing the last 6 months. The average price for October is $551,867. During November the price had a slight fall till $471,382. In the following two months the average price has remained the same with regard to the previous two months from $511,624.5 to $527,243.5. 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 $519,434 and $533,013.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $591,447 they are 80 % more affordable than the average price for Willow Springs. The properties with the lowest average price have 4 bedrooms, Their price is 31 % cheaper than the average. After that we have properties with 3 bedrooms priced at $307,964.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $119 / sq.feet, with an average $30,498 / sq.feet price in Willow Springs. The properties with the lowest average prices have 4 bedrooms. They are 100 % cheaper than the average followed by properties with 1 bedroom with a price at $127 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $591,447 it is 67 % cheaper than the average price in Willow Springs. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial Property". At a price of $224,625 it is 46 % 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 $53 / sq.feet followed by "Condo" priced at $102 / sq.feet. "House" is the cheapest type of property with a $117 / sq.feet value followed by "Condo" with an average price of $102 / sq.feet.