Property prices for sale in Fitchburg (Massachusetts)
The prices in real estate in Fitchburg, 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 Fitchburg has increased strongly during the last 6 months. In October, the average price per sq.feet was $236. In the following month the price per sq.feet decreased to $218. In the following two months the price per sq.feet has barely changed, going from $227 to $220 per sq.feet. The price per sq.feet has had a considerable increase of 856 % 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 $223.5 to $1,913 during February, and March.
Based upon to the price in Fitchburg (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $446,753. In November This price remains at $436,866. During the following two months (December, January) 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 gone up 115 % 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 $506,844 they are 56 % more affordable than the average price for Fitchburg. The properties with the highest average price have 4 bedrooms, Their price is 7 % more costly than the average. After that we have properties with 3 bedrooms priced at $456,157.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $255 / sq.feet, with an average $3,023 / sq.feet price in Fitchburg. The properties with the lowest average prices have 4 bedrooms. They are 26 % cheaper than the average followed by properties with 3 bedrooms with a price at $329 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $506,844 it is 38 % cheaper than the average price in Fitchburg. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $507,206 it is 82 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $193 / sq.feet followed by "Detached House" priced at $243 / sq.feet. "Land" is the most costly type of property with a $86,731 / sq.feet cost followed by "House" with an average price of $2,943 / sq.feet.
