Property prices for sale in Cranbury (New Jersey)
The prices in real estate in Cranbury, 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.
The price per sq.feet in Cranbury has increased strongly during the last 6 months. In October, the average price per sq.feet was $296. In November this price pretty much remained the same at a value of $294 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 12203 %. The price per sq.feet has had a considerable deflation of 2 % 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 $18,147.25 to $348.5 during February, and March.
Based upon to the price in Cranbury (cities), this has gone up considerably in the last 6 months. The price in October is $639,486, rising in November till $685,982. During the following two months (December, January) the average price had a considerable increase of 116 % 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 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 $1,106,529 they are 83 % more affordable than the average price for Cranbury. The properties with the lowest average price have 2 bedrooms, Their price is 32 % cheaper than the average. After that we have properties with 4 bedrooms priced at $749,191.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $216 / sq.feet, with an average $348 / sq.feet price in Cranbury. The properties with the lowest average prices have 2 bedrooms. They are 4 % cheaper than the average followed by properties with 4 bedrooms with a price at $306 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,106,529 it is 83 % cheaper than the average price in Cranbury. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $332,550 it is 30 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $216 / sq.feet followed by "House" priced at $302 / sq.feet. "Townhouse" is the most costly type of property with a $7,101 / sq.feet cost followed by "House" with an average price of $302 / sq.feet.
