The prices in real estate in Hiram, in the Georgia 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 Hiram has increased strongly during the last 6 months. In October, the average price per sq.feet was $178. In November this price pretty much remained the same at a value of $181 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 141 %. The price per sq.feet has had a considerable increase of 444 % 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 $216.25 to $961 during February, and March.
Based upon to the price in Hiram (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $329,917. In November This price remains at $345,720. During the following two months (December, January) the price has had an average incrementation from $337,818.5 to $372,404.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 122 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $416,081 they are 64 % more affordable than the average price for Hiram. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 1 bedroom priced at $223,937.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $94 / sq.feet, with an average $1,250 / sq.feet price in Hiram. The properties with the lowest average prices have 3 bedrooms. They are 92 % cheaper than the average followed by properties with 4 bedrooms with a price at $98 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $416,081 it is 51 % cheaper than the average price in Hiram. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $253,658 it is 38 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $42 / sq.feet followed by "Detached House" priced at $52 / sq.feet. "House" is the cheapest type of property with a $183 / sq.feet value followed by "Apartment" with an average price of $117 / sq.feet.