The rent prices in real estate in Newton, in the Massachusetts region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Newton has fallen during the last 6 months. In June, the average price per sq.feet was $2.77. In July this price barely changed remaining at $2.7 per sq.feet. In the following two months the price per sq.feet has practically remained the same, going from $2.73 to $2.61 per sq.feet. The price per sq.feet has fallen 92 % 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 $2.67 to $2.46 during October, and November.
When referring to the price in Newton (cities), there have hardly been any changes in the last 6 months. In our first sample month during June, the average price is $3,921. In July This price remains at $3,904. In the following two months the average price has hardly changed with regard to the previous two months from $3,912.5 to $4,036.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 93 %, going from $3,974.5 to $3,686 in October and November.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $3,334 they are 15 % more affordable than the average price for Newton . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,650.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.24 / sq.feet, with an average $2.54 / sq.feet price in Newton. The properties with the most expensive average prices have 1 bedroom. They are 42 % more expensive than the average followed by properties with 2 bedrooms with a price at $2.65 / sq.feet.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $3,334 it is 28 % more affordable than the average price in Newton. "House" is seen as the second most affordable property type. The most expensive property type is "Condo" followed by "House". At a price of $3,064 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "House" at an average price of $2.14 / sq.feet followed by "Condo" priced at $3.09 / sq.feet. "Condo" is the most expensive type of property with a $3.09 / sq.feet value followed by "House" with an average price of $2.14 / sq.feet.