The average price in the Minnesota 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 Minnesota has increased strongly in the last 6 months. During October, the average price per sq.feet was $147. The following month (November) the price increased to $158 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $152.5 to $157 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 225 %. This has been obtained by comparing the price of $154.75 for the first four months of the sample with regard to the previous 4 months and the price of $347.5 per sq.feet for the last two months (February, March).
Based upon to the price in Minnesota(region), this has increased in the last 6 months. In the first month sample for October the average price is $264,282. During November it went through a strong inflation reaching $308,658 In the following two months the average price didn't change much compared to the previous two going from $286,470 to $277,901.5. During the last two months the price has risen 115 % compared to the previous average values going from $282,185.75 a $323,509 in 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 46 % more affordable than the average price in Minnesota followed by those with 2 with an average price of $237,043. The most costly properties have 4 bedrooms. They are 27 % more expensive than the average followed by those properties with 3 bedrooms priced at $276,112.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $200 / sq.feet being $358 / sq.feet the average value within the Minnesota region. The properties with the most expensive average price are those with 3 bedrooms. These are 34 % more costly than the average followed by those with 4 bedrooms with a price of $311 / sq.feet.
The graph displaying the average price according to the property type shows "Commercial" as the cheapest one. With an average cost of $327,369 it is 26 % more affordable than the average in Minnesota. This is followed by "Apartment" with a price of $332,468. The dearest property type is "Condo" and is 88 % more expensive than the average, followed by "House" with a cost of $500,563.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $124 / sq.feet, followed by "Apartment" with a price of $171 / sq.feet. "House" with an average price of $2,155 / sq.feet is the most costly type of property followed by "Condo" at a price of $367 / sq.feet.