Property prices for sale in Florham Park (New Jersey)
The prices in real estate in Florham Park, in the New Jersey 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 Florham Park has increased strongly during the last 6 months. In October, the average price per sq.feet was $96,569. In the following month the price per sq.feet decreased considerably to $78,547. The price for the following two months in (December, January) had a considerable decrease of 0 with regard to the prior two months. The price per sq.feet has had a considerable increase of 754 % 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 $43,967 to $331,633.5 during February, and March.
Based upon to the price in Florham Park (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $992,751. In November This price remains at $994,547. During the following two months (December, January) the average price had a considerable increase of 115 % 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 222 % 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 $2,199,857 they are 79 % more affordable than the average price for Florham Park. The properties with the lowest average price have 4 bedrooms, Their price is 48 % cheaper than the average. After that we have properties with 2 bedrooms priced at $888,357.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $299 / sq.feet, with an average $662,920 / sq.feet price in Florham Park. The properties with the lowest average prices have 1 bedroom. They are 100 % cheaper than the average followed by properties with 2 bedrooms with a price at $428 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,199,857 it is 71 % cheaper than the average price in Florham Park. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $739,135 it is 48 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $356 / sq.feet followed by "Townhouse" priced at $357 / sq.feet. "Condo" is the cheapest type of property with a $411 / sq.feet value followed by "Townhouse" with an average price of $357 / sq.feet.
