Property prices for sale in Beltsville (Maryland)
The prices in real estate in Beltsville, in the Maryland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Beltsville has increased strongly during the last 6 months. In October, the average price per sq.feet was $236. In November this price pretty much remained the same at a value of $233 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $234.5 to $248 per sq.feet. The price per sq.feet has had a considerable increase of 2051 % 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 $241.25 to $4,947 during February, and March.
Based upon to the price in Beltsville (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $428,041. In November This price remains at $422,252. During the following two months (December, January) the average price fell 94 % 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 109 % 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 $470,559 they are 68 % more affordable than the average price for Beltsville. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $391,262.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $195 / sq.feet, with an average $4,558 / sq.feet price in Beltsville. The properties with the lowest average prices have 3 bedrooms. They are 95 % cheaper than the average followed by properties with 1 bedroom with a price at $200 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $470,559 it is 61 % cheaper than the average price in Beltsville. "Commercial Property" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Condo". At a price of $351,220 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $103 / sq.feet followed by "Detached House" priced at $132 / sq.feet. "Farm" is the most costly type of property with a $4,764 / sq.feet cost followed by "Apartment" with an average price of $253 / sq.feet.
