The prices in real estate in Glassboro, 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 Glassboro has increased strongly during the last 6 months. In May, the average price per sq.feet was $614. In the following month the price per sq.feet increased considerably to $8,971. The price for the following two months in (July, August) had a considerable increment of 259 %. The price per sq.feet has had a considerable deflation of 66 % 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 $8,599.5 to $5,715.5 during September, and October.
Based upon to the price in Glassboro (cities), this has gone downing the last 6 months. The average price for May is $251,991. During June the price had a slight fall till $233,035. In the following two months the average price has remained the same with regard to the previous two months from $242,513 to $236,846.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $239,679.75 and $243,677.5 between September and October.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $242,075 they are 59 % more affordable than the average price for Glassboro. The properties with the highest average price have 1 bedroom, Their price is 32 % more costly than the average. After that we have properties with 3 bedrooms priced at $293,576.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $89 / sq.feet, with an average $3,312 / sq.feet price in Glassboro. The properties with the highest average prices have 4 bedrooms. They are 205 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,250 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $242,075 it is 59 % cheaper than the average price in Glassboro. "Apartment" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $98,253 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $833 / sq.feet followed by "Townhouse" priced at $10,102 / sq.feet. "Apartment" is the most costly type of property with a $10,113 / sq.feet cost followed by "Townhouse" with an average price of $10,102 / sq.feet.