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 January, the average price per sq.feet was $131. The following month (February) the price had a considerable increase reaching $742 per sq.feet. In the following two months (March, April) the price per sq.feet has risen strongly to a 161 %. In the last two months, the price per sq.feet has had a significant increase of 330 %. This has been obtained by comparing the price of $568.75 for the first four months of the sample with regard to the previous 4 months and the price of $1,877.5 per sq.feet for the last two months (May, June).
Based upon to the price in South Dakota(region), these have remained the same in the last 6 months. In the first month sample January the average price is $266,956. In February the price was the same at $256,947. In the following two months the average price didn't change much compared to the previous two going from $261,951.5 to $270,167.5. During the last two months the price has risen 113 % compared to the previous average values going from $266,059.5 a $299,488 in May and June.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 52 % more affordable than the average price in South Dakota followed by those with 2 with an average price of $176,355. The most costly properties have 4 bedrooms. They are 25 % more expensive than the average followed by those properties with 3 bedrooms priced at $274,336.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of $315 / sq.feet being $1,689 / 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 27 % more costly than the average followed by those with 3 bedrooms with a price of $1,018 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $284,829 it is 64 % more affordable than the average in South Dakota. This is followed by "Condo" with a price of $198,673. The dearest property type is "Commercial" and is 149 % more expensive than the average, followed by "House" with a cost of $348,611.
Based on the average cost per sq.feet the cheapest property type is "Apartment with a an average cost of $125 / sq.feet, followed by "Condo" with a price of $130 / sq.feet. "House" with an average price of $2,283 / sq.feet is the most costly type of property followed by "Commercial" at a price of $1,410 / sq.feet.