The prices in real estate in Hackettstown, 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 Hackettstown has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $3,949. In the following month the price per sq.feet decreased considerably to $3,222. The price for the following two months in (January, February) had a considerable decrease of 47 with regard to the prior two months. The price per sq.feet has had a considerable increase of 140 % 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 $2,640.25 to $3,707.5 during March, and April.
Based upon to the price in Hackettstown (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $388,367. In December This price remains at $374,910. In the following two months the average price has remained the same with regard to the previous two months from $381,638.5 to $382,485. 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 $382,061.75 and $385,637.5 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $379,797 they are 71 % more affordable than the average price for Hackettstown. The properties with the lowest average price have 4 bedrooms, Their price is 7 % cheaper than the average. After that we have properties with 3 bedrooms priced at $321,299.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $69 / sq.feet, with an average $568 / sq.feet price in Hackettstown. The properties with the highest average prices have 4 bedrooms. They are 255 % more expensive than the average followed by properties with 3 bedrooms with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $379,797 it is 34 % cheaper than the average price in Hackettstown. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "Duplex". At a price of $329,089 it is 0 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $100 / sq.feet followed by "Townhouse" priced at $201 / sq.feet. "Duplex" is the most costly type of property with a $3,220 / sq.feet cost followed by "Townhouse" with an average price of $201 / sq.feet.