The average price in the Illinois region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Illinois has risen in the last 6 months. During June, the average price per sq.feet was $229. The following month the price decreased to $206 per sq.feet. The following two months (August, September) there has been a deflation of 89 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $205.5 to $196 during October and November.
Based upon to the price in Illinois (region), this has decreased in the last 6 months. The average price in June is $429,680. In July the price increased to $483,620. In the following two months the average price has decreased 83 % compared to the previous two. During the last two months the price has reduced 89 % compared to the previous average values going from $417,289.75 a $371,581.5 in October and November.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 40 % more affordable than the average price in Illinois followed by those with 2 with an average price of $266,705. The most costly properties have 4 bedrooms. They are 17 % more expensive than the average followed by those properties with 3 bedrooms priced at $309,032.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $179 / sq.feet being $187 / sq.feet the average value within the Illinois region. The properties with the most expensive average price are those with 1 bedroom. These are 44 % more costly than the average followed by those with 2 bedrooms with a price of $203 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $370,544 it is 59 % more affordable than the average in Illinois. This is followed by "Apartment" with a price of $306,295. The dearest property type is "Detached House" and is 4 % more expensive than the average, followed by "Condo" with a cost of $368,787.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $169 / sq.feet, followed by "Apartment" with a price of $174 / sq.feet. "Land" with an average price of $1,880 / sq.feet is the most costly type of property followed by "Condo" at a price of $260 / sq.feet.