The prices in real estate in Jeannette, 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 Jeannette has increased strongly during the last 6 months. In December, the average price per sq.feet was $50. In the following month the price per sq.feet increased considerably to $78. The price for the following two months in (February, March) had a considerable increment of 10502 %. The price per sq.feet has had a considerable deflation of 5 % 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 $3,392.75 to $156.5 during April, and May.
Based upon to the price in Jeannette (cities), this has gone up considerably in the last 6 months. In our first sample month during December, the average price is $184,480. In January This price remains at $179,763. During the following two months (February, March) the average price had a considerable increase of 123 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 160 % 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 $365,641 they are 68 % more affordable than the average price for Jeannette. The properties with the highest average price have 2 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 4 bedrooms priced at $305,188.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $99 / sq.feet, with an average $167 / sq.feet price in Jeannette. The properties with the highest average prices have 2 bedrooms. They are 16 % more expensive than the average followed by properties with 3 bedrooms with a price at $155 / sq.feet.
The graph displaying the average prices displays the property type "Multi Family House" as the most affordable one. At an cost of $365,641 it is 62 % cheaper than the average price in Jeannette. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "House". At a price of $249,801 it is 23 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $103 / sq.feet followed by "Land" priced at $124 / sq.feet. "Multi Family House" is the most costly type of property with a $963 / sq.feet cost followed by "House" with an average price of $126 / sq.feet.