The average price in the Illinois region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Illinois has increased strongly in the last 6 months. During September, the average price per sq.feet was $123. The following month (October) the price increased to $137 per sq.feet. In the following two months (November, December) the price per sq.feet has risen strongly to a 129 %. In the last two months, the price per sq.feet has had a significant increase of 123 %. This has been obtained by comparing the price of $149 for the first four months of the sample with regard to the previous 4 months and the price of $184 per sq.feet for the last two months (January, February).
Based upon to the price in Illinois(region), this has increased considerably in the last 6 months. September has an average price of $249,770. During October the price had a slight deflation till $230,291. The price in the following months (November, December) had a strong increment of 127 % going from $240,030.5 to $305,982. During the last two months the price has had a considerable increase of 125 % with respect to the previous four months going from $273,006.25 a $340,475.5.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 46 % more affordable than the average price in Illinois followed by those with 2 with an average price of $251,273. The most costly properties have 4 bedrooms. They are 15 % more expensive than the average followed by those properties with 3 bedrooms priced at $290,180.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $158 / sq.feet being $195 / sq.feet the average value within the Illinois region. The properties with the most expensive average price are those with 1 bedroom. These are 22 % more costly than the average followed by those with 2 bedrooms with a price of $199 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $362,452 it is 52 % more affordable than the average in Illinois. This is followed by "House" with a price of $296,666. The dearest property type is "Farm" and is 84 % more expensive than the average, followed by "Apartment" with a cost of $615,500.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $150 / sq.feet, followed by "Townhouse" with a price of $189 / sq.feet. "Land" with an average price of $17,127 / sq.feet is the most costly type of property followed by "Farm" at a price of $521 / sq.feet.