Property prices for sale in Lexington Park (Maryland)
The prices in real estate in Lexington Park, 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 Lexington Park has increased strongly during the last 6 months. In October, the average price per sq.feet was $211. In November this price pretty much remained the same at a value of $202 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $206.5 to $204 per sq.feet. The price per sq.feet has had a considerable increase of 227 % 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 $205.25 to $465.5 during February, and March.
Based upon to the price in Lexington Park (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $404,006. In November This price remains at $394,661. During the following two months (December, January) the average price fell 87 % with regard to the previous two months. 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 $372,856 and $380,621 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $405,328 they are 56 % more affordable than the average price for Lexington Park. The properties with the lowest average price have 3 bedrooms, Their price is 21 % cheaper than the average. After that we have properties with 4 bedrooms priced at $296,308.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $96 / sq.feet, with an average $692 / sq.feet price in Lexington Park. The properties with the lowest average prices have 1 bedroom. They are 77 % cheaper than the average followed by properties with 2 bedrooms with a price at $143 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $405,328 it is 67 % cheaper than the average price in Lexington Park. "House" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $177,669 it is 40 % 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 $81 / sq.feet followed by "House" priced at $123 / sq.feet. "Apartment" is the cheapest type of property with a $599 / sq.feet value followed by "House" with an average price of $123 / sq.feet.
