Property prices for sale in Jessup (Maryland)
The prices in real estate in Jessup, in the Maryland 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 Jessup has increased strongly during the last 6 months. In October, the average price per sq.feet was $286. In November this price pretty much remained the same at a value of $295 per sq.feet. The price for the following two months in (December, January) decreased 88 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 1428 % 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 $273.25 to $3,902.5 during February, and March.
Based upon to the price in Jessup (cities), this has gone up in the last 6 months. The price in October is $497,256, rising in November till $563,994. During the following two months (December, January) the average price had a considerable increase of 117 % 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 92 %, going from $575,281.75 to $526,784 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $513,447 they are 55 % more affordable than the average price for Jessup. The properties with the lowest average price have 1 bedroom, Their price is 6 % cheaper than the average. After that we have properties with 4 bedrooms priced at $453,528.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $123 / sq.feet, with an average $270 / sq.feet price in Jessup. The properties with the lowest average prices have 1 bedroom. They are 34 % cheaper than the average followed by properties with 2 bedrooms with a price at $156 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $513,447 it is 27 % cheaper than the average price in Jessup. "Apartment" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Apartment". At a price of $377,348 it is 7 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $116 / sq.feet followed by "Apartment" priced at $121 / sq.feet. "House" is the cheapest type of property with a $144 / sq.feet value followed by "Apartment" with an average price of $121 / sq.feet.
