The prices in real estate in Dracut, in the Massachusetts 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 Dracut has increased strongly during the last 6 months. In April, the average price per sq.feet was $296. In May this price pretty much remained the same at a value of $302 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $299 to $310 per sq.feet. The price per sq.feet has had a considerable increase of 129 % 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 $304.5 to $394 during August, and September.
Based upon to the price in Dracut (cities), this has gone downing the last 6 months. The average price for April is $555,531. During May the price had a slight fall till $517,202. In the following two months the average price has remained the same with regard to the previous two months from $536,366.5 to $560,355. During the last two months the average price has had a strong fall compared to the previous four going from $548,360.75 to $454,324, which means a 83 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $448,721 they are 65 % more affordable than the average price for Dracut. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $511,069.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $197 / sq.feet, with an average $372 / sq.feet price in Dracut. The properties with the highest average prices have 2 bedrooms. They are 18 % more expensive than the average followed by properties with 3 bedrooms with a price at $340 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $448,721 it is 33 % cheaper than the average price in Dracut. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $483,450 it is 28 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $342 / sq.feet followed by "Townhouse" priced at $348 / sq.feet. "Farm" is the most costly type of property with a $3,058 / sq.feet cost followed by "Condo" with an average price of $436 / sq.feet.