The prices in real estate in Jeannette, in the Pennsylvania region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Jeannette has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,659. In the following month the price per sq.feet increased considerably to $5,285. The price for the following two months in (January, February) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 37 % 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 $2,741.5 to $1,028 during March, and April.
Based upon to the price in Jeannette (cities), this has fallen considerably in the last 6 months. The average price for November is $291,718. During December the price had a considerable reduction till $243,740. During the following two months (January, February) the average price fell 90 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $253,758.25 to $224,125 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $236,113 they are 52 % more affordable than the average price for Jeannette. The properties with the highest average price have 2 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 4 bedrooms priced at $294,669.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $69 / sq.feet, with an average $149 / sq.feet price in Jeannette. The properties with the highest average prices have 2 bedrooms. They are 6 % more expensive than the average followed by properties with 3 bedrooms with a price at $120 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $236,113 it is 44 % cheaper than the average price in Jeannette. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $241,187 it is 15 % 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 $68 / sq.feet followed by "Land" priced at $89 / sq.feet. "Multi Family House" is the most costly type of property with a $928 / sq.feet cost followed by "House" with an average price of $91 / sq.feet.