The prices in real estate in Wisconsin Rapids, in the Wisconsin 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 Wisconsin Rapids has increased strongly during the last 6 months. In October, the average price per sq.feet was $172. In the following month the price per sq.feet decreased considerably to $140. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1229 % 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 $144.75 to $1,778.5 during February, and March.
Based upon to the price in Wisconsin Rapids (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $226,994. In November This price remains at $218,450. In the following two months the average price has remained the same with regard to the previous two months from $222,722 to $226,699.5. 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 $224,710.75 and $231,786 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 $228,514 they are 26 % more affordable than the average price for Wisconsin Rapids. The properties with the highest average price have 4 bedrooms, Their price is 63 % more costly than the average. After that we have properties with 3 bedrooms priced at $215,476.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $133 / sq.feet, with an average $1,869 / sq.feet price in Wisconsin Rapids. The properties with the lowest average prices have 4 bedrooms. They are 92 % cheaper than the average followed by properties with 2 bedrooms with a price at $146 / sq.feet.
The graph displaying the average prices displays the property type "" as the most affordable one. At an cost of $228,514 it is 75 % cheaper than the average price in Wisconsin Rapids. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $259,548 it is 346 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $107 / sq.feet followed by "Commercial" priced at $137 / sq.feet. "Land" is the most costly type of property with a $40,716 / sq.feet cost followed by "Condo" with an average price of $185 / sq.feet.