The average price in the Montana 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 Montana has increased strongly in the last 6 months. During March, the average price per sq.feet was $175. The following month (April) the price increased to $198 per sq.feet. The following two months (May, June) went through an increase of 114 % in the price per sq.feet rising from $186.5 to $213.5 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 428 %. This has been obtained by comparing the price of $200 for the first four months of the sample with regard to the previous 4 months and the price of $855 per sq.feet for the last two months (July, August).
Based upon to the price in Montana(region), this has increased considerably in the last 6 months. In the first month sample for March the average price is $381,492. During April it went through a strong inflation reaching $478,792 The average price for the following two months (May, June) increased from $430,142 to $475,872.5. During the last two months the price has had a considerable increase of 169 % with respect to the previous four months going from $453,007.25 a $764,365.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 77 % more affordable than the average price in Montana followed by those with 1 with an average price of $239,572. The cheapest properties have 4 bedrooms. They are 46 % cheaper than the average followed by those properties with 3 bedrooms priced at $325,515.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $169 / sq.feet being $834 / sq.feet the average value within the Montana region. The properties with the cheapest average price are those with 1 bedroom. These are 66 % lower than the average followed by those with 4 bedrooms with a price of $205 / sq.feet.
The graph displaying the average price according to the property type shows "Farm" as the cheapest one. With an average cost of $913,100 it is 59 % more affordable than the average in Montana. This is followed by "Office" with a price of $377,788. The dearest property type is "Condo" and is 428 % more expensive than the average, followed by "Detached House" with a cost of $1,058,559.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $227 / sq.feet, followed by "Farm" with a price of $383 / sq.feet. "Land" with an average price of $26,338 / sq.feet is the most costly type of property followed by "Detached House" at a price of $4,065 / sq.feet.