The average price in the Iowa region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Iowa has risen considerably in the last 6 months. During July, the average price per sq.feet was $535. The following month (August) the price had a considerable increase reaching $1,043 per sq.feet. The following two months (September, October) went through a considerable deflation of 28 % 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 26 %. This has been obtained by comparing the price of $506.75 for the first four months of the sample with regard to the previous 4 months and the price of $133.5 per sq.feet for the last two months (November, December).
Based upon to the price in Iowa (region), this has decreased in the last 6 months. July has an average price of $262,563. During August the price had a slight deflation till $230,489. The average price for the following two months (September, October) decreased 90 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $234,714.5 to $229,972 during November and December.
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 Iowa followed by those with 2 with an average price of $170,521. The most costly properties have 4 bedrooms. They are 27 % more expensive than the average followed by those properties with 3 bedrooms priced at $192,100.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $125 / sq.feet being $133 / sq.feet the average value within the Iowa region. The properties with the most expensive average price are those with 1 bedroom. These are 17 % more costly than the average followed by those with 2 bedrooms with a price of $133 / sq.feet.
The graph displaying the average price according to the property type shows "House" as the cheapest one. With an average cost of $225,742 it is 7 % more affordable than the average in Iowa. This is followed by "Apartment" with a price of $232,286. The dearest property type is "Farm" and is 210 % more expensive than the average, followed by "Condo" with a cost of $246,026.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $123 / sq.feet, followed by "House" with a price of $124 / sq.feet. "Farm" with an average price of $449 / sq.feet is the most costly type of property followed by "Condo" at a price of $171 / sq.feet.