Property prices for sale in Cedar Grove (New Jersey)

The prices in real estate in Cedar Grove, in the New Jersey 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.

$747,915.83
Average price last 6 months
$51,629
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Cedar Grove has increased strongly during the last 6 months. In July, the average price per sq.feet was $1,431. In the following month the price per sq.feet increased considerably to $4,601. The price for the following two months in (September, October) had a considerable increment of 4998 %. The price per sq.feet has had a considerable deflation of 1 % 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 $76,871.5 to $1,144 during November, and December.

Average price

Based upon to the price in Cedar Grove (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $714,465. In August This price remains at $695,454. During the following two months (September, October) the price has had an average incrementation from $704,959.5 to $796,588.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $750,774 and $742,199.5 between November and December.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $713,382 they are 1 % more affordable than the average price for Cedar Grove. The properties with the lowest average price have 1 bedroom, Their price is 1 % cheaper than the average. After that we have properties with 2 bedrooms priced at $703,081.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $250 / sq.feet, with an average $315 / sq.feet price in Cedar Grove. The properties with the lowest average prices have 1 bedroom. They are 20 % cheaper than the average followed by properties with 2 bedrooms with a price at $250 / sq.feet.

Price per property type

With regard to the average price based upon the property in Cedar Grove we can see that the cheapest property type is "House" at a price of $703,081, they are 1 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 1 % more affordable than the average price aforementioned.

According to the average area cost by sq.feet the cheapest property type is "House with an average price of $250 / sq.feet. "House" with an average cost of $250 / sq.feet has the lowest price and would be directed at less affluent cities.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Cedar Grove
Number of properties used in region New Jersey
$713,382
$315
406
246,544
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value