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 January, the average price per sq.feet was $112. In the following month the price per sq.feet increased to $119. The price for the following two months in (March, April) had a considerable increment of 116 %. The price per sq.feet has had a considerable increase of 3849 % 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 $124.5 to $4,792.5 during May, and June.
Based upon to the price in Glassboro (cities), this has gone up considerably in the last 6 months. The price in January is $176,596, rising in February till $185,486. During the following two months (March, April) the average price had a considerable increase of 130 % 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 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $233,035 they are 58 % more affordable than the average price for Glassboro. The properties with the highest average price have 1 bedroom, Their price is 38 % more costly than the average. After that we have properties with 3 bedrooms priced at $294,755.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $93 / sq.feet, with an average $8,971 / sq.feet price in Glassboro. The properties with the highest average prices have 4 bedrooms. They are 13 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,258 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $233,035 it is 58 % 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 $98,649 it is 8 % 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 $837 / sq.feet followed by "Townhouse" priced at $10,146 / sq.feet. "Apartment" is the most costly type of property with a $10,157 / sq.feet cost followed by "Townhouse" with an average price of $10,146 / sq.feet.