The rent prices in real estate in Souderton, in the Pennsylvania region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.feet in Souderton has had a strong fall during the last 6 months. In October, the average price per sq.feet was $6. In the following month the price per sq.feet fell considerably to $1.24. The price for the following two months in (December, January) had a considerable fall of 37 with regard to the previous two months. The price per sq.feet has had a considerable fall of 47 % 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 $2.49 to $1.17 during February, and March.
When referring to the price in Souderton (cities), this has risen in the last 6 months. The average price during our first sample month during October, is $1,870. During November the price went through a considerable rise reaching $2,589. During the following two months (December, January) the average price had a considerable fall of 82 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 94 %, going from $2,028.5 to $1,908.5 in February and March.
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 $1,938 they are 43 % more affordable than the average price for Souderton . The properties with the lowest average price have 2 bedrooms, Their price is 13 % more affordable than the average. After that we have properties with 1 bedroom priced at $1,096.
According to average price per property type in Souderton, "" priced at $1,678 is 13 % lower than the average price ($1,938) in this city.