The average price in the Illinois region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in Illinois has increased in the last 6 months. During February, the average price per sq.feet was $186. The following month (March) the price increased to $204 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $195 to $204.5 per sq.feet. 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 $199.75 to $193 during June and July.
Based upon to the price in Illinois(region), this has increased considerably in the last 6 months. In the first month sample for February the average price is $323,880. During March it went through a strong inflation reaching $422,915 The average price for the following two months (April, May) increased from $373,397.5 to $415,048. During the last two months the price has reduced 88 % compared to the previous average values going from $394,222.75 a $348,339 in June and July.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 43 % more affordable than the average price in Illinois followed by those with 2 with an average price of $267,079. The most costly properties have 4 bedrooms. They are 24 % more expensive than the average followed by those properties with 3 bedrooms priced at $321,932.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $175 / sq.feet being $185 / sq.feet the average value within the Illinois region. The properties with the most expensive average price are those with 1 bedroom. These are 32 % more costly than the average followed by those with 2 bedrooms with a price of $204 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $355,527 it is 85 % more affordable than the average in Illinois. This is followed by "Condo" with a price of $288,008. The dearest property type is "Duplex" and is 176 % more expensive than the average, followed by "House" with a cost of $374,528.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $35 / sq.feet, followed by "Townhouse" with a price of $173 / sq.feet. "Land" with an average price of $12,745 / sq.feet is the most costly type of property followed by "Duplex" at a price of $376 / sq.feet.