The prices in real estate in Ellicott City, 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 Ellicott City has increased during the last 6 months. In November, the average price per sq.feet was $224. In December this price pretty much remained the same at a value of $226 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $225 to $221.5 per sq.feet. The price per sq.feet has had a considerable increase of 118 % 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 $223.25 to $262.5 during March, and April.
Based upon to the price in Ellicott City (cities), this has gone up in the last 6 months. The average price for November is $559,774. During December the price had a slight fall till $503,235. During the following two months (January, February) the average price fell 93 % 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 risen strongly 149 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $715,261 they are 59 % more affordable than the average price for Ellicott City. The properties with the lowest average price have 4 bedrooms, Their price is 13 % cheaper than the average. After that we have properties with 1 bedroom priced at $598,920.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $200 / sq.feet, with an average $255 / sq.feet price in Ellicott City. The properties with the highest average prices have 2 bedrooms. They are 22 % more expensive than the average followed by properties with 4 bedrooms with a price at $213 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $715,261 it is 59 % cheaper than the average price in Ellicott City. "House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Farm". At a price of $487,952 it is 14 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $179 / sq.feet followed by "Apartment" priced at $204 / sq.feet. "Condo" is the cheapest type of property with a $234 / sq.feet value followed by "House" with an average price of $210 / sq.feet.