The prices in real estate in Hagerstown, in the Maryland 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 Hagerstown has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $792. In the following month the price per sq.feet decreased considerably to $254. The price for the following two months in (September, October) had a considerable decrease of 20 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 36 % 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 $313.75 to $112 during November, and December.
Based upon to the price in Hagerstown (cities), this has gone up in the last 6 months. The price in July is $186,165, rising in August till $199,485. In the following two months the average price has remained the same with regard to the previous two months from $192,825 to $192,170. 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 1 bedroom are the cheapest ones. At a price of $225,392 they are 60 % more affordable than the average price for Hagerstown. The properties with the highest average price have 4 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 3 bedrooms priced at $213,788.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $83 / sq.feet, with an average $115 / sq.feet price in Hagerstown. The properties with the highest average prices have 2 bedrooms. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $122 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $225,392 it is 26 % cheaper than the average price in Hagerstown. "Farm" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $234,021 it is 64 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $61 / sq.feet followed by "Farm" priced at $90 / sq.feet. "Condo" is the most costly type of property with a $1,799 / sq.feet cost followed by "House" with an average price of $119 / sq.feet.