The prices in real estate in Fayetteville, in the Pennsylvania region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Fayetteville has remained the same in the last 6 months. In September, the average price per sq.feet was $149. In October this price pretty much remained the same at a value of $142 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $145.5 to $150 per sq.feet. The price per sq.feet has decreased 94 % 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 $147.75 to $138.5 during January, and February.
Based upon to the price in Fayetteville (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is $338,907. In October This price remains at $343,374. During the following two months (November, December) the average price fell 87 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $319,392.25 to $262,777.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $244,120 they are 87 % more affordable than the average price for Fayetteville. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $184,677.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $36 / sq.feet, with an average $137 / sq.feet price in Fayetteville. The properties with the lowest average prices have 2 bedrooms. They are 26 % cheaper than the average followed by properties with 4 bedrooms with a price at $68 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $244,120 it is 17 % cheaper than the average price in Fayetteville. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Townhouse". At a price of $203,871 it is 6 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $53 / sq.feet followed by "Townhouse" priced at $61 / sq.feet. "House" is the cheapest type of property with a $68 / sq.feet value followed by "Townhouse" with an average price of $61 / sq.feet.