The prices in real estate in Bladensburg, 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 Bladensburg has increased strongly during the last 6 months. In September, the average price per sq.feet was $231. In the following month the price per sq.feet increased considerably to $301. In the following two months the price per sq.feet has barely changed, going from $266 to $275 per sq.feet. The price per sq.feet has decreased 91 % 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 $270.5 to $247.5 during January, and February.
Based upon to the price in Bladensburg (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is $244,172. During October the price went through a considerable rise reaching $350,537. In the following two months the average price has remained the same with regard to the previous two months from $297,354.5 to $289,850. Based on an analysis of the first four prices and the last two months the average price has risen strongly 139 % 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 $642,283 they are 87 % more affordable than the average price for Bladensburg. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 3 bedrooms priced at $232,230.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $142 / sq.feet, with an average $338 / sq.feet price in Bladensburg. The properties with the highest average prices have 4 bedrooms. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $276 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $642,283 it is 89 % cheaper than the average price in Bladensburg. "Condo" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $367,123 it is 42 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $12 / sq.feet followed by "Townhouse" priced at $131 / sq.feet. "House" is the most costly type of property with a $351 / sq.feet cost followed by "Detached House" with an average price of $349 / sq.feet.