Property prices for sale in Fairmont (West Virginia)
The prices in real estate in Fairmont, in the West Virginia 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 Fairmont has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,381. In the following month the price per sq.feet increased considerably to $1,731. The price for the following two months in (December, January) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable increase of 146 % 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 $1,371.5 to $1,999 during February, and March.
Based upon to the price in Fairmont (cities), these have remained the same in the last 6 months. The average price for October is $229,081. During November the price had a slight fall till $217,326. In the following two months the average price has remained the same with regard to the previous two months from $223,203.5 to $225,545.5. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $241,459 they are 62 % more affordable than the average price for Fairmont. The properties with the highest average price have 4 bedrooms, Their price is 24 % more costly than the average. After that we have properties with 3 bedrooms priced at $239,950.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $112 / sq.feet, with an average $2,330 / sq.feet price in Fairmont. The properties with the lowest average prices have 4 bedrooms. They are 52 % cheaper than the average followed by properties with 3 bedrooms with a price at $746 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $241,459 it is 1 % cheaper than the average price in Fairmont. "Detached House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $337,475 it is 91 % 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 $149 / sq.feet followed by "House" priced at $1,856 / sq.feet. "Land" is the most costly type of property with a $24,681 / sq.feet cost followed by "House" with an average price of $1,856 / sq.feet.
