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 January, the average price per sq.feet was $534. In February this price pretty much remained the same at a value of $510 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $522 to $542 per sq.feet. The price per sq.feet has increased 112 % 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 $532 to $596.5 during May, and June.
Based upon to the price in Jersey City (cities), this has gone downing the last 6 months. The average price for January is $654,290. During February the price had a slight fall till $607,600. In the following two months the average price has remained the same with regard to the previous two months from $630,945 to $613,627.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $622,286.25 and $635,763 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $645,116 they are 32 % more affordable than the average price for Jersey City. The properties with the highest average price have 4 bedrooms, Their price is 81 % more costly than the average. After that we have properties with 3 bedrooms priced at $868,517.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $441 / sq.feet, with an average $584 / sq.feet price in Jersey City. The properties with the highest average prices have 1 bedroom. They are 3 % more expensive than the average followed by properties with 2 bedrooms with a price at $594 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $645,116 it is 6 % cheaper than the average price in Jersey City. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of $803,708 it is 197 % 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 $409 / sq.feet followed by "Condo" priced at $566 / sq.feet. "Villa" is the most costly type of property with a $4,485 / sq.feet cost followed by "House" with an average price of $865 / sq.feet.