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 April, the average price per sq.feet was $182. The following month (May) the price had a considerable increase reaching $231 per sq.feet. The following two months (June, July) went through a considerable deflation of 80 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 74 %. This has been obtained by comparing the price of $185.75 for the first four months of the sample with regard to the previous 4 months and the price of $137.5 per sq.feet for the last two months (August, September).
Based upon to the price in Illinois (region), this has decreased in the last 6 months. In the first month sample for April the average price is $418,005. During May it went through a strong inflation reaching $632,383 In the following two months the average price has decreased 69 % compared to the previous two. During the last two months the price has had a considerable reduction of 66 % with respect to the previous four months going from $444,825.5 a $291,863.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 49 % more affordable than the average price in Illinois followed by those with 2 with an average price of $189,279. The most costly properties have 4 bedrooms. They are 41 % more expensive than the average followed by those properties with 3 bedrooms priced at $266,900.
Based on the average price per sq.feet those properties with 1 bedroom are the dearest ones with a price of $125 / sq.feet being $123 / sq.feet the average value within the Illinois region. The properties with the most expensive average price are those with 2 bedrooms. These are 11 % more costly than the average followed by those with 4 bedrooms with a price of $135 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $249,770 it is 84 % more affordable than the average in Illinois. This is followed by "House" with a price of $245,989. The dearest property type is "Farm" and is 82 % more expensive than the average, followed by "Townhouse" with a cost of $305,180.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $73 / sq.feet, followed by "House" with a price of $114 / sq.feet. "Farm" with an average price of $219 / sq.feet is the most costly type of property followed by "Condo" at a price of $199 / sq.feet.