Property prices for sale in Madison (Alabama)
The prices in real estate in Madison, in the Alabama 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 Madison has increased strongly during the last 6 months. In October, the average price per sq.feet was $184. In November this price pretty much remained the same at a value of $179 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 212 %. The price per sq.feet has had a considerable increase of 959 % 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 $283.5 to $2,717.5 during February, and March.
Based upon to the price in Madison (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $472,811. In November This price remains at $451,826. In the following two months the average price has remained the same with regard to the previous two months from $462,318.5 to $462,431.5. 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 $462,375 and $478,966 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 $482,717 they are 77 % more affordable than the average price for Madison. The properties with the lowest average price have 4 bedrooms, Their price is 1 % cheaper than the average. After that we have properties with 3 bedrooms priced at $368,431.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $129 / sq.feet, with an average $4,227 / sq.feet price in Madison. The properties with the lowest average prices have 2 bedrooms. They are 96 % cheaper than the average followed by properties with 3 bedrooms with a price at $184 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $482,717 it is 50 % cheaper than the average price in Madison. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $484,520 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $93 / sq.feet followed by "Apartment" priced at $177 / sq.feet. "Condo" is the cheapest type of property with a $229 / sq.feet value followed by "Commercial" with an average price of $202 / sq.feet.
