The average price in the Illinois region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in Illinois has remained stagnant in the last 6 months. During December, the average price per sq.feet was $168. The following month (January) the price had a considerable deflation reaching $140 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $154 to $157.5 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 133 %. This has been obtained by comparing the price of $155.75 for the first four months of the sample with regard to the previous 4 months and the price of $206.5 per sq.feet for the last two months (April, May).
Based upon to the price in Illinois(region), this has increased considerably in the last 6 months. In the first month sample December the average price is $317,642. In January the price was the same at $320,344. The price in the following months (February, March) had a strong increment of 116 % going from $318,993 to $370,165. During the last two months the price has had a considerable increase of 152 % with respect to the previous four months going from $344,579 a $525,194.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 74 % more affordable than the average price in Illinois followed by those with 3 with an average price of $322,910. The most costly properties have 1 bedroom. They are 238 % more expensive than the average followed by those properties with 4 bedrooms priced at $629,580.
Based on the average price per sq.feet those properties with 2 bedrooms are the dearest ones with a price of $429 / sq.feet being $231 / sq.feet the average value within the Illinois region. The properties with the most expensive average price are those with 1 bedroom. These are 3399 % more costly than the average followed by those with 4 bedrooms with a price of $3,405 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $632,383 it is 52 % more affordable than the average in Illinois. This is followed by "Townhouse" with a price of $421,324. The dearest property type is "Condo" and is 8 % more expensive than the average, followed by "House" with a cost of $655,511.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $156 / sq.feet, followed by "House" with a price of $176 / sq.feet. "Commercial" with an average price of $1,132 / sq.feet is the most costly type of property followed by "Condo" at a price of $368 / sq.feet.