The prices in real estate in Youngstown, in the Ohio region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Youngstown has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,032. In the following month the price per sq.feet increased considerably to $2,082. The price for the following two months in (December, January) had a considerable decrease of 5 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 8 % 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 $820.5 to $69 during February, and March.
Based upon to the price in Youngstown (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $65,417. During November the price went through a considerable rise reaching $79,225. During the following two months (December, January) the average price had a considerable increase of 296 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $143,056.25 to $106,976, which means a 75 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $99,690 they are 34 % more affordable than the average price for Youngstown. The properties with the highest average price have 4 bedrooms, Their price is 57 % more costly than the average. After that we have properties with 3 bedrooms priced at $89,729.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $52 / sq.feet, with an average $65 / sq.feet price in Youngstown. The properties with the highest average prices have 4 bedrooms. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $61 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $99,690 it is 40 % cheaper than the average price in Youngstown. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $114,857 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $34 / sq.feet followed by "Commercial" priced at $51 / sq.feet. "House" is the most costly type of property with a $66 / sq.feet cost followed by "Condo" with an average price of $61 / sq.feet.