The average price in the South Dakota 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 South Dakota has increased strongly in the last 6 months. During October, the average price per sq.feet was $1,287. The following month (November) the price had a considerable increase reaching $2,773 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $2,030 to $2,129 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 127 %. This has been obtained by comparing the price of $2,079.5 for the first four months of the sample with regard to the previous 4 months and the price of $2,643.5 per sq.feet for the last two months (February, March).
Based upon to the price in South Dakota (region), this has decreased in the last 6 months. In the first month sample October the average price is $438,602. In November the price was the same at $428,923. In the following two months the average price has decreased 85 % compared to the previous two. During the last two months the average price has remained stagnant and has gone from $400,722.5 to $399,207 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 51 % more affordable than the average price in South Dakota followed by those with 2 with an average price of $326,708. The most costly properties have 4 bedrooms. They are 26 % more expensive than the average followed by those properties with 3 bedrooms priced at $401,851.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $209 / sq.feet being $2,215 / sq.feet the average value within the South Dakota region. The properties with the most expensive average price are those with 4 bedrooms. These are 88 % more costly than the average followed by those with 3 bedrooms with a price of $2,297 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $394,749 it is 55 % more affordable than the average in South Dakota. This is followed by "Duplex" with a price of $298,067. The dearest property type is "Commercial" and is 181 % more expensive than the average, followed by "House" with a cost of $448,019.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $97 / sq.feet, followed by "Condo" with a price of $202 / sq.feet. "House" with an average price of $2,676 / sq.feet is the most costly type of property followed by "Land" at a price of $2,391 / sq.feet.