The prices in real estate in Hackettstown, in the New Jersey region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Hackettstown has fallen in the last 6 months. In October, the average price per sq.feet was $326. In the following month the price per sq.feet increased to $368. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $325.75 to $230.5 during February, and March.
Based upon to the price in Hackettstown (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $522,621. In November This price remains at $530,071. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $501,512.75 to $425,153.5, which means a 85 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $448,463 they are 76 % more affordable than the average price for Hackettstown. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at $311,783.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $49 / sq.feet, with an average $226 / sq.feet price in Hackettstown. The properties with the highest average prices have 4 bedrooms. They are 758 % more expensive than the average followed by properties with 1 bedroom with a price at $96 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $448,463 it is 46 % 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 $317,747 it is 18 % 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 $65 / sq.feet followed by "Townhouse" priced at $166 / sq.feet. "Duplex" is the most costly type of property with a $3,080 / sq.feet cost followed by "Townhouse" with an average price of $166 / sq.feet.