Property prices for sale in Cromwell (Connecticut)
The prices in real estate in Cromwell, in the Connecticut 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 Cromwell has increased strongly during the last 6 months. In October, the average price per sq.feet was $209. In the following month the price per sq.feet increased considerably to $888. In the following two months the price per sq.feet has barely changed, going from $548.5 to $524.5 per sq.feet. The price per sq.feet has had a considerable increase of 445 % 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 $536.5 to $2,387 during February, and March.
Based upon to the price in Cromwell (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $446,071. In November This price remains at $450,648. During the following two months (December, January) the average price fell 90 % 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 106 % 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 $448,112 they are 68 % more affordable than the average price for Cromwell. The properties with the highest average price have 3 bedrooms, Their price is 23 % more costly than the average. After that we have properties with 4 bedrooms priced at $520,578.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $3,704 / sq.feet price in Cromwell. The properties with the lowest average prices have 3 bedrooms. They are 42 % cheaper than the average followed by properties with 4 bedrooms with a price at $760 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $448,112 it is 45 % cheaper than the average price in Cromwell. "Detached House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $476,471 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $167 / sq.feet followed by "Detached House" priced at $203 / sq.feet. "House" is the cheapest type of property with a $1,185 / sq.feet value followed by "Condo" with an average price of $300 / sq.feet.
