The average price in the Tennessee region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in Tennessee has increased in the last 6 months. During October, the average price per sq.feet was $158. In November the price pretty much stayed the same at $163 per sq.feet. The following two months (December, January) went through an increase of 106 % in the price per sq.feet rising from $160.5 to $170 per sq.feet. In the last two months, the price per sq.feet has increased 106 %. This has been obtained by comparing the price $165.25 for the first four months of the sample with regard to the previous 4 months and the price $175.5 per sq.feet for the last two months (February, March).
Based upon to the price in Tennessee(region), this has increased in the last 6 months. The average price in October is $363,986. In November the price increased to $384,241. In the following two months the average price didn't change much compared to the previous two going from $374,113.5 to $389,516. During the last two months the price has risen 106 % compared to the previous average values going from $381,814.75 a $406,589.5 in 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 44 % more affordable than the average price in Tennessee followed by those with 2 with an average price of $241,972. The most costly properties have 4 bedrooms. They are 22 % more expensive than the average followed by those properties with 3 bedrooms priced at $271,980.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $153 / sq.feet being $180 / sq.feet the average value within the Tennessee region. The properties with the most expensive average price are those with 1 bedroom. These are 44 % more costly than the average followed by those with 2 bedrooms with a price of $188 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $400,616 it is 16 % more affordable than the average in Tennessee. This is followed by "Apartment" with a price of $344,865. The dearest property type is "Commercial" and is 155 % more expensive than the average, followed by "House" with a cost of $645,729.
Based on the average cost per sq.feet the most costly property type is "Commercial with a an average price of $184 / sq.feet, followed by "House" with a price of $220 / sq.feet. "Land" with an average price of $31,854 / sq.feet is the most costly type of property followed by "Apartment" at a price of $376 / sq.feet.