The average price in the Mississippi 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 Mississippi has risen considerably in the last 6 months. During June, the average price per sq.feet was $1,863. The following month (July) the price had a considerable deflation reaching $462 per sq.feet. The following two months (August, September) went through a considerable deflation of 35 % 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 15 %. This has been obtained by comparing the price of $786.75 for the first four months of the sample with regard to the previous 4 months and the price of $119.5 per sq.feet for the last two months (October, November).
Based upon to the price in Mississippi(region), these have remained the same in the last 6 months. June has an average price of $274,367. During July the price had a slight deflation till $236,271. The average price for the following two months (August, September) increased from $255,319 to $275,625. During the last two months the average price has remained stagnant and has gone from $265,472 to $258,995 during October and November.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 29 % more affordable than the average price in Mississippi followed by those with 1 with an average price of $184,276. The most costly properties have 4 bedrooms. They are 24 % more expensive than the average followed by those properties with 3 bedrooms priced at $221,471.
Based on the average price per sq.feet those properties with 3 bedrooms are the dearest ones with a price of $113 / sq.feet being $106 / sq.feet the average value within the Mississippi region. The properties with the most expensive average price are those with 1 bedroom. These are 5758 % more costly than the average followed by those with 2 bedrooms with a price of $131 / sq.feet.
The graph displaying the average price according to the property type shows "Condo" as the most costly one. With an average cost of $249,086 it is 15 % more expensive than the average in Mississippi. This is followed by "House" with a price of $301,452. The dearest property type is "Farm" and is 216 % more expensive than the average, followed by "Commercial" with a cost of $545,276.
Based on the average cost per sq.feet the most costly property type is "House with a an average price of $125 / sq.feet, followed by "Condo" with a price of $195 / sq.feet. "Commercial" with an average price of $10,225 / sq.feet is the most costly type of property followed by "Land" at a price of $690 / sq.feet.