The prices in real estate in Glassboro, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Glassboro has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,205. In the following month the price per sq.feet decreased considerably to $591. The price for the following two months in (January, February) had a considerable decrease of 16 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 25 % 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 $520.25 to $132.5 during March, and April.
Based upon to the price in Glassboro (cities), these have remained the same in the last 6 months. The price in November is $241,101, rising in December till $254,529. In the following two months the average price has remained the same with regard to the previous two months from $247,815 to $237,039.5. 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 $242,427.25 and $234,035.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $235,465 they are 58 % more affordable than the average price for Glassboro. The properties with the highest average price have 1 bedroom, Their price is 36 % more costly than the average. After that we have properties with 3 bedrooms priced at $293,282.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $88 / sq.feet, with an average $130 / sq.feet price in Glassboro. The properties with the highest average prices have 4 bedrooms. They are 7671 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,248 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $235,465 it is 59 % cheaper than the average price in Glassboro. "House" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $98,154 it is 6 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $827 / sq.feet followed by "Townhouse" priced at $10,036 / sq.feet. "House" is the most costly type of property with a $10,102 / sq.feet cost followed by "Townhouse" with an average price of $10,036 / sq.feet.