Property prices for sale in Auburn (Alabama)
The prices in real estate in Auburn, in the Alabama region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Auburn has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $6,357. In the following month the price per sq.feet decreased considerably to $5,043. The price for the following two months in (December, January) had a considerable decrease of 71 with regard to the prior two months. The price per sq.feet has decreased 95 % 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 $4,862 to $4,610.5 during February, and March.
Based upon to the price in Auburn (cities), this has gone downing the last 6 months. The average price for October is $559,854. During November the price had a slight fall till $516,447. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $557,296 they are 68 % more affordable than the average price for Auburn. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $372,327.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $266 / sq.feet, with an average $6,593 / sq.feet price in Auburn. The properties with the highest average prices have 4 bedrooms. They are 19 % more expensive than the average followed by properties with 3 bedrooms with a price at $3,054 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $557,296 it is 47 % cheaper than the average price in Auburn. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $505,921 it is 1 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $145 / sq.feet followed by "Apartment" priced at $260 / sq.feet. "Land" is the most costly type of property with a $88,513 / sq.feet cost followed by "House" with an average price of $5,661 / sq.feet.
