Property prices for sale in Gainesboro (Tennessee)
The prices in real estate in Gainesboro, in the Tennessee 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 Gainesboro has increased strongly during the last 6 months. In October, the average price per sq.feet was $505. In the following month the price per sq.feet decreased to $441. In the following two months the price per sq.feet has increased 114 %, going from $473 to $538 per sq.feet. The price per sq.feet has had a considerable increase of 389 % 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 $505.5 to $1,967.5 during February, and March.
Based upon to the price in Gainesboro (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $338,506. In November This price remains at $355,330. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from $330,637.25 to $282,728 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $297,495 they are 62 % more affordable than the average price for Gainesboro. The properties with the highest average price have 2 bedrooms, Their price is 98 % more costly than the average. After that we have properties with 4 bedrooms priced at $480,599.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $124 / sq.feet, with an average $2,605 / sq.feet price in Gainesboro. The properties with the lowest average prices have 2 bedrooms. They are 80 % cheaper than the average followed by properties with 4 bedrooms with a price at $175 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $297,495 it is 45 % cheaper than the average price in Gainesboro. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $352,353 it is 23 % 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 $218 / sq.feet followed by "House" priced at $219 / sq.feet. "Land" is the most costly type of property with a $11,314 / sq.feet cost followed by "House" with an average price of $219 / sq.feet.
