The prices in real estate in Baltimore, in the Maryland region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Baltimore has remained the same in the last 6 months. In September, the average price per sq.feet was $145. In the following month the price per sq.feet increased to $156. In the following two months the price per sq.feet has barely changed, going from $150.5 to $144.5 per sq.feet. The price per sq.feet has increased 105 % 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 $147.5 to $155 during January, and February.
Based upon to the price in Baltimore (cities), this has fallen considerably in the last 6 months. The average price for September is $274,394. During October the price had a slight fall till $235,160. During the following two months (November, December) the average price had a considerable reduction of 85 % 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 $267,878 they are 34 % more affordable than the average price for Baltimore. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 2 bedrooms priced at $225,945.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $136 / sq.feet, with an average $165 / sq.feet price in Baltimore. The properties with the highest average prices have 1 bedroom. They are 17 % more expensive than the average followed by properties with 2 bedrooms with a price at $180 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $267,878 it is 28 % cheaper than the average price in Baltimore. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $328,782 it is 56 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $129 / sq.feet followed by "House" priced at $144 / sq.feet. "Condo" is the most costly type of property with a $239 / sq.feet cost followed by "Townhouse" with an average price of $183 / sq.feet.