Property prices for sale in Bessemer (Alabama)
The prices in real estate in Bessemer, in the Alabama 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 Bessemer has increased strongly during the last 6 months. In October, the average price per sq.feet was $189. In the following month the price per sq.feet increased considerably to $248. The price for the following two months in (December, January) had a considerable increment of 167 %. The price per sq.feet has decreased 86 % 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 $291.75 to $251 during February, and March.
Based upon to the price in Bessemer (cities), these have remained the same in the last 6 months. The price in October is $222,350, rising in November till $243,000. In the following two months the average price has remained the same with regard to the previous two months from $232,675 to $225,349.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $229,012.25 to $214,032 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $208,984 they are 49 % more affordable than the average price for Bessemer. The properties with the highest average price have 4 bedrooms, Their price is 46 % more costly than the average. After that we have properties with 3 bedrooms priced at $228,460.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $131 / sq.feet, with an average $264 / sq.feet price in Bessemer. The properties with the lowest average prices have 3 bedrooms. They are 45 % cheaper than the average followed by properties with 1 bedroom with a price at $142 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $208,984 it is 68 % cheaper than the average price in Bessemer. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $149,911 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $78 / sq.feet followed by "House" priced at $131 / sq.feet. "Land" is the most costly type of property with a $22,343 / sq.feet cost followed by "Townhouse" with an average price of $1,993 / sq.feet.
