The prices in real estate in Hermitage, in the Pennsylvania 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 Hermitage has increased strongly during the last 6 months. In October, the average price per sq.feet was $38,536. In the following month the price per sq.feet decreased to $34,757. In the following two months the price per sq.feet has barely changed, going from $36,646.5 to $36,288 per sq.feet. The price per sq.feet has had a considerable increase of 192 % 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 $36,467.25 to $70,132 during February, and March.
Based upon to the price in Hermitage (cities), these have remained the same in the last 6 months. The average price for October is $290,078. During November the price had a considerable reduction till $212,189. In the following two months the average price has remained the same with regard to the previous two months from $251,133.5 to $240,053.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % 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 $498,267 they are 98 % more affordable than the average price for Hermitage. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 60 % more affordable than the average aforementioned.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $22 / sq.feet, with an average $41,351 / sq.feet price in Hermitage. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 3 bedrooms. They are 63 % more costly than the average value aforementioned.