The average price in the Mississippi 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 Mississippi has increased strongly in the last 6 months. During September, the average price per sq.feet was $796. The following month (October) the price had a considerable increase reaching $1,238 per sq.feet. In the following two months (November, December) the price per sq.feet has risen strongly to a 127 %. In the last two months, the price per sq.feet has had a significant increase of 158 %. This has been obtained by comparing the price of $1,156.25 for the first four months of the sample with regard to the previous 4 months and the price of $1,831.5 per sq.feet for the last two months (January, February).
Based upon to the price in Mississippi(region), this has increased in the last 6 months. The average price in September is $271,508. In October the price increased to $297,032. In the following two months the average price didn't change much compared to the previous two going from $284,270 to $294,200.5. During the last two months the average price has remained stagnant and has gone from $289,235.25 to $302,545.5 during January and February.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 24 % more affordable than the average price in Mississippi followed by those with 3 with an average price of $245,746. The most costly properties have 4 bedrooms. They are 28 % more expensive than the average followed by those properties with 2 bedrooms priced at $250,968.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of $293 / sq.feet being $1,234 / sq.feet the average value within the Mississippi region. The properties with the most expensive average price are those with 4 bedrooms. These are 73 % more costly than the average followed by those with 3 bedrooms with a price of $611 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $286,571 it is 53 % more affordable than the average in Mississippi. This is followed by "Condo" with a price of $292,189. The dearest property type is "Detached House" and is 91 % more expensive than the average, followed by "Commercial" with a cost of $361,338.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $123 / sq.feet, followed by "Townhouse" with a price of $185 / sq.feet. "Land" with an average price of $1,295 / sq.feet is the most costly type of property followed by "House" at a price of $1,247 / sq.feet.