The average price in the Minnesota region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in Minnesota has remained stagnant in the last 6 months. During October, the average price per sq.feet was $172. The following month the price decreased to $147 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $159.5 to $163.5 per sq.feet. In the last two months, the price per sq.feet has increased 109 %. This has been obtained by comparing the price $161.5 for the first four months of the sample with regard to the previous 4 months and the price $176.5 per sq.feet for the last two months (February, March).
Based upon to the price in Minnesota(region), this has decreased considerably in the last 6 months. October has an average price of $406,197. During November the price had a strong deflation till $303,737. The average price for the following two months (December, January) decreased 93 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $342,063.75 to $358,399 during February and March.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 48 % more affordable than the average price in Minnesota followed by those with 2 with an average price of $233,525. The most costly properties have 4 bedrooms. They are 20 % more expensive than the average followed by those properties with 3 bedrooms priced at $308,053.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $161 / sq.feet being $164 / sq.feet the average value within the Minnesota region. The properties with the most expensive average price are those with 1 bedroom. These are 28 % more costly than the average followed by those with 2 bedrooms with a price of $184 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $321,824 it is 56 % more affordable than the average in Minnesota. This is followed by "Apartment" with a price of $328,494. The dearest property type is "House" and is 130 % more expensive than the average, followed by "Townhouse" with a cost of $510,454.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $159 / sq.feet, followed by "Office" with a price of $164 / sq.feet. "Land" with an average price of $32,019 / sq.feet is the most costly type of property followed by "Condo" at a price of $328 / sq.feet.