The prices in real estate in Hingham, in the Massachusetts 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 Hingham has increased strongly during the last 6 months. In August, the average price per sq.feet was $364. In the following month the price per sq.feet increased considerably to $558. In the following two months the price per sq.feet has barely changed, going from $461 to $438.5 per sq.feet. The price per sq.feet has had a considerable increase of 299 % 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 $449.75 to $1,343 during December, and January.
Based upon to the price in Hingham (cities), this has gone up considerably in the last 6 months. The price in August is $824,892, rising in September till $867,483. During the following two months (October, November) the price has had an average incrementation from $846,187.5 to $971,677.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the most costly ones. At a price of $1,112,996 they are 33 % more expensive than the average price for Hingham. Following this ranking we find those properties with 4 at an average price of $1,526,045. The properties with the highest average price have 1 bedroom, Their price is 38 % more costly than the average. After that we have properties with 4 bedrooms priced at $1,526,045.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $395 / sq.feet, with an average $2,283 / sq.feet price in Hingham. The properties with the highest average prices have 1 bedroom. They are 109 % more expensive than the average followed by properties with 4 bedrooms with a price at $4,724 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $1,112,996 it is 41 % cheaper than the average price in Hingham. "House" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of $1,526,045 it is 38 % 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 $290 / sq.feet followed by "Office" priced at $368 / sq.feet. "House" is the most costly type of property with a $4,724 / sq.feet cost followed by "Office" with an average price of $368 / sq.feet.