The prices in real estate in Glen Burnie, in the Maryland 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 Glen Burnie has increased strongly during the last 6 months. In March, the average price per sq.feet was $178. In April this price pretty much remained the same at a value of $179 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 183 %. The price per sq.feet has had a considerable deflation of 74 % 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 $252.5 to $188 during July, and August.
Based upon to the price in Glen Burnie (cities), this has gone up in the last 6 months. The price in March is $331,448, rising in April till $364,571. During the following two months (May, June) the price has had an average incrementation from $348,009.5 to $370,075. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $359,042.25 to $328,488.5 in July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $326,905 they are 25 % more affordable than the average price for Glen Burnie. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 3 bedrooms priced at $361,350.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $174 / sq.feet, with an average $190 / sq.feet price in Glen Burnie. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 2 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $326,905 it is 10 % cheaper than the average price in Glen Burnie. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Farm". At a price of $355,446 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $141 / sq.feet followed by "Office" priced at $148 / sq.feet. "House" is the most costly type of property with a $199 / sq.feet cost followed by "Condo" with an average price of $174 / sq.feet.