The prices in real estate in Jersey City, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Jersey City has remained the same in the last 6 months. In December, the average price per sq.feet was $623. In January this price pretty much remained the same at a value of $592 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $607.5 to $618 per sq.feet. The price per sq.feet has increased 108 % 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 $612.75 to $660.5 during April, and May.
Based upon to the price in Jersey City (cities), this has gone up in the last 6 months. The price in December is $671,767, rising in January till $710,294. During the following two months (February, March) the price has had an average incrementation from $691,030.5 to $743,066.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $817,502 they are 30 % more affordable than the average price for Jersey City. The properties with the highest average price have 3 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 4 bedrooms priced at $883,056.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $486 / sq.feet, with an average $680 / sq.feet price in Jersey City. The properties with the highest average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 2 bedrooms with a price at $629 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $817,502 it is 14 % cheaper than the average price in Jersey City. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $978,230 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $483 / sq.feet followed by "House" priced at $574 / sq.feet. "Apartment" is the most costly type of property with a $10,423 / sq.feet cost followed by "Villa" with an average price of $4,370 / sq.feet.