Property prices for sale in New Jersey region
The average price in the New Jersey region has had same value in recent months. Prices in this region have remained pretty much stagnant.
The price per sq.feet in New Jersey has remained stagnant in the last 6 months. During October, the average price per sq.feet was $354. The following month the price decreased to $332 per sq.feet. The following two months (December, January) there has been a deflation of 93 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant increase of 124 %. This has been obtained by comparing the price of $331 for the first four months of the sample with regard to the previous 4 months and the price of $411.5 per sq.feet for the last two months (February, March).
Based upon to the price in New Jersey(region), these have remained the same in the last 6 months. The average price in October is $570,321. In November the price increased to $628,669. The average price for the following two months (December, January) decreased 95 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $584,082.5 to $589,218 during 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 40 % more affordable than the average price in New Jersey followed by those with 2 with an average price of $391,506. The most costly properties have 4 bedrooms. They are 37 % more expensive than the average followed by those properties with 3 bedrooms priced at $474,050.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $270 / sq.feet being $483 / sq.feet the average value within the New Jersey region. The properties with the most expensive average price are those with 4 bedrooms. These are 217 % more costly than the average followed by those with 1 bedroom with a price of $498 / sq.feet.
The graph displaying the average price according to the property type shows "Townhouse" as the cheapest one. With an average cost of $580,122 it is 33 % more affordable than the average in New Jersey. This is followed by "Land" with a price of $395,173. The dearest property type is "House" and is 19 % more expensive than the average, followed by "Commercial" with a cost of $643,772.
Based on the average cost per sq.feet the cheapest property type is "Commercial with a an average cost of $208 / sq.feet, followed by "Townhouse" with a price of $252 / sq.feet. "Land" with an average price of $3,534 / sq.feet is the most costly type of property followed by "Apartment" at a price of $2,140 / sq.feet.
