Property prices for sale in Hagerstown (Maryland)
The prices in real estate in Hagerstown, 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 Hagerstown has increased strongly during the last 6 months. In October, the average price per sq.feet was $497. In the following month the price per sq.feet decreased considerably to $149. The price for the following two months in (December, January) had a considerable decrease of 72 with regard to the prior two months. The price per sq.feet has had a considerable increase of 425 % 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 $277.75 to $1,180.5 during February, and March.
Based upon to the price in Hagerstown (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $322,484. In November This price remains at $320,048. During the following two months (December, January) the price has had an average incrementation from $321,266 to $342,054.5. 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 $331,660.25 and $316,505.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $325,942 they are 78 % more affordable than the average price for Hagerstown. The properties with the highest average price have 4 bedrooms, Their price is 31 % more costly than the average. After that we have properties with 3 bedrooms priced at $282,199.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $87 / sq.feet, with an average $1,872 / sq.feet price in Hagerstown. The properties with the lowest average prices have 4 bedrooms. They are 42 % cheaper than the average followed by properties with 3 bedrooms with a price at $965 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $325,942 it is 36 % cheaper than the average price in Hagerstown. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of $348,779 it is 74 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $103 / sq.feet followed by "Townhouse" priced at $120 / sq.feet. "Land" is the most costly type of property with a $47,437 / sq.feet cost followed by "House" with an average price of $2,062 / sq.feet.
