The prices in real estate in Jefferson City, in the Tennessee 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 Jefferson City has increased strongly during the last 6 months. In May, the average price per sq.feet was $104. In the following month the price per sq.feet increased considerably to $124. In the following two months the price per sq.feet has increased 114 %, going from $114 to $129.5 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 $121.75 to $252.5 during September, and October.
Based upon to the price in Jefferson City (cities), this has gone downing the last 6 months. In our first sample month during May, the average price is $313,304. In June This price remains at $309,606. In the following two months the average price has remained the same with regard to the previous two months from $311,455 to $308,686. During the last two months the average price has had a strong fall compared to the previous four going from $310,070.5 to $249,402.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $250,974 they are 33 % more affordable than the average price for Jefferson City. The properties with the lowest average price have 1 bedroom, Their price is 29 % cheaper than the average. After that we have properties with 3 bedrooms priced at $168,239.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $196 / sq.feet, with an average $385 / sq.feet price in Jefferson City. The properties with the highest average prices have 3 bedrooms. They are 143 % more expensive than the average followed by properties with 1 bedroom with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $250,974 it is 33 % cheaper than the average price in Jefferson City. "Farm" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "House". At a price of $168,239 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $64 / sq.feet followed by "House" priced at $934 / sq.feet. "House" is the most costly type of property with a $934 / sq.feet cost followed by "Farm" with an average price of $64 / sq.feet.