Background: Understanding factors influencing
house prices is crucial in real estate markets. This study aims to identify key
determinants affecting house selling prices.
Objectives: Investigate the significance of
lot area, living space, house quality, construction year, basement exposure,
heating and air conditioning types, fireplaces, garage capacity, wooden floors,
and porch size on house prices.
Methods: Employed EDA and machine learning
algorithms on housing dataset. Developed regression models to quantify
relationships between variables and prices.
Results: Found lot area, living space,
quality, construction year, basement exposure, heating, air conditioning,
fireplaces, garage capacity, wooden floors, and porch size as significant
factors, explaining 87% to 89.6% of price variability.
Conclusion: Insights aid real estate
stakeholders in making informed decisions regarding property investments and
transactions.