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.
The price per sq.feet in Cumberland has increased during the last 6 months. In November, the average price per sq.feet was $187. In the following month the price per sq.feet decreased considerably to $103. In the following two months the price per sq.feet has increased 107 %, going from $145 to $154.5 per sq.feet. The price per sq.feet has had a considerable increase of 217 % 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 $149.75 to $325.5 during March, and April.
Based upon to the price in Cumberland (cities), this has gone downing the last 6 months. The average price for November is $166,956. During December the price had a slight fall till $142,490. During the following two months (January, February) the average price fell 94 % with regard to the previous two months. 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 $150,130.75 and $147,190.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $160,888 they are 17 % more affordable than the average price for Cumberland. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 1 bedroom priced at $193,267.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $100 / sq.feet, with an average $106 / sq.feet price in Cumberland. The properties with the highest average prices have 1 bedroom. They are 122 % more expensive than the average followed by properties with 2 bedrooms with a price at $113 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $160,888 it is 42 % cheaper than the average price in Cumberland. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of $286,625 it is 185 % 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 $55 / sq.feet followed by "Condo" priced at $84 / sq.feet. "Land" is the most costly type of property with a $149,999 / sq.feet cost followed by "Commercial" with an average price of $225 / sq.feet.
