Property prices for sale in Cumberland (Maryland)

The prices in real estate in Cumberland, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.

$95,824.33
Average price last 6 months
$58.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Cumberland has increased during the last 6 months. In December, the average price per sq.feet was $53. In the following month the price per sq.feet increased to $56. In the following two months the price per sq.feet has increased 110 %, going from $54.5 to $60 per sq.feet. The price per sq.feet has increased 108 % 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 $57.25 to $62 during April, and May.

Average price

Based upon to the price in Cumberland (cities), this has gone up considerably in the last 6 months. The price in December is $84,791, rising in January till $91,221. During the following two months (February, March) the price has had an average incrementation from $88,006 to $97,746.5. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $98,056 they are 36 % more affordable than the average price for Cumberland. The properties with the highest average price have 4 bedrooms, Their price is 29 % more costly than the average. After that we have properties with 3 bedrooms priced at $97,040.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $52 / sq.feet, with an average $58 / sq.feet price in Cumberland. The properties with the highest average prices have 2 bedrooms. They are 22 % more expensive than the average followed by properties with 3 bedrooms with a price at $66 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $98,056 it is 46 % cheaper than the average price in Cumberland. "House" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "House". At a price of $78,965 it is 0 % 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 $35 / sq.feet followed by "House" priced at $52 / sq.feet. "Land" is the most costly type of property with a $159 / sq.feet cost followed by "House" with an average price of $52 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Cumberland
Number of properties used in region Maryland
$98,056
$58
1,306
247,698
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value