The prices in real estate in Hyattsville, 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 Hyattsville has increased strongly during the last 6 months. In December, the average price per sq.feet was $215. In January this price pretty much remained the same at a value of $214 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $214.5 to $213 per sq.feet. The price per sq.feet has had a considerable increase of 207 % 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 $213.75 to $443.5 during April, and May.
Based upon to the price in Hyattsville (cities), this has gone up in the last 6 months. The average price for December is $290,199. During January the price had a slight fall till $265,432. In the following two months the average price has remained the same with regard to the previous two months from $277,815.5 to $288,908. Based on an analysis of the first four prices and the last two months the average price has risen strongly 137 % 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 $332,836 they are 60 % more affordable than the average price for Hyattsville. The properties with the highest average price have 3 bedrooms, Their price is 1 % more costly than the average. After that we have properties with 4 bedrooms priced at $334,046.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $167 / sq.feet, with an average $647 / sq.feet price in Hyattsville. The properties with the lowest average prices have 3 bedrooms. They are 63 % cheaper than the average followed by properties with 4 bedrooms with a price at $230 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $332,836 it is 39 % cheaper than the average price in Hyattsville. "Farm" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "Apartment". At a price of $348,433 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $202 / sq.feet followed by "Apartment" priced at $268 / sq.feet. "House" is the most costly type of property with a $13,544 / sq.feet cost followed by "Condo" with an average price of $1,719 / sq.feet.