Property prices for sale in East Orange (New Jersey)
The prices in real estate in East Orange, in the New Jersey region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in East Orange has increased strongly during the last 6 months. In October, the average price per sq.feet was $222. In the following month the price per sq.feet increased to $254. In the following two months the price per sq.feet has barely changed, going from $238 to $249 per sq.feet. The price per sq.feet has had a considerable increase of 122 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $243.5 to $296 during February, and March.
Based upon to the price in East Orange (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $416,130. In November This price remains at $399,969. In the following two months the average price has remained the same with regard to the previous two months from $408,049.5 to $389,427.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $398,738.5 and $405,898.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $411,734 they are 69 % more affordable than the average price for East Orange. The properties with the highest average price have 4 bedrooms, Their price is 5 % more costly than the average. After that we have properties with 3 bedrooms priced at $365,780.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $272 / sq.feet, with an average $284 / sq.feet price in East Orange. The properties with the highest average prices have 1 bedroom. They are 5234 % more expensive than the average followed by properties with 3 bedrooms with a price at $353 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $411,734 it is 58 % cheaper than the average price in East Orange. "Apartment" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $466,870 it is 16 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $162 / sq.feet followed by "House" priced at $265 / sq.feet. "Condo" is the most costly type of property with a $8,872 / sq.feet cost followed by "Apartment" with an average price of $702 / sq.feet.
