The prices in real estate in East Orange, in the New Jersey 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 East Orange has increased during the last 6 months. In January, the average price per sq.feet was $764. In the following month the price per sq.feet increased considerably to $1,138. The price for the following two months in (March, April) had a considerable decrease of 82 with regard to the prior two months. The price per sq.feet has decreased 91 % 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 $865.25 to $790 during May, and June.
Based upon to the price in East Orange (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $255,129. During February the price went through a considerable rise reaching $507,600. During the following two months (March, April) the average price had a considerable reduction of 68 % 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 $319,554.5 and $318,063 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $488,240 they are 48 % more affordable than the average price for East Orange. The properties with the lowest average price have 1 bedroom, Their price is 48 % cheaper than the average. After that we have properties with 4 bedrooms priced at $253,853.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $759 / sq.feet, with an average $1,048 / sq.feet price in East Orange. The properties with the lowest average prices have 1 bedroom. They are 27 % cheaper than the average followed by properties with 4 bedrooms with a price at $759 / sq.feet.
With regard to the average price based upon the property in East Orange we can see that the cheapest property type is "House" at a price of $253,853, they are 48 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 48 % more affordable than the average price aforementioned.
According to the average area cost by sq.feet the cheapest property type is "House with an average price of $759 / sq.feet. "House" with an average cost of $759 / sq.feet has the lowest price and would be directed at less affluent cities.