Property prices for sale in Longport (New Jersey)
The prices in real estate in Longport, 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 Longport has remained the same in the last 6 months. In October, the average price per sq.feet was $1,024. In November this price pretty much remained the same at a value of $1,010 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $1,017 to $1,010 per sq.feet. The price per sq.feet has increased 110 % 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 $1,013.5 to $1,117.5 during February, and March.
Based upon to the price in Longport (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $2,763,688. In November This price remains at $2,725,353. During the following two months (December, January) the average price had a considerable increase of 120 % 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 89 %, going from $3,014,924 to $2,669,911.5 in 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 $2,126,462 they are 81 % more affordable than the average price for Longport. The properties with the lowest average price have 4 bedrooms, Their price is 32 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,284,282.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $484 / sq.feet, with an average $1,079 / sq.feet price in Longport. The properties with the lowest average prices have 2 bedrooms. They are 34 % cheaper than the average followed by properties with 3 bedrooms with a price at $705 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $2,126,462 it is 72 % cheaper than the average price in Longport. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $1,887,197 it is 13 % 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 $337 / sq.feet followed by "Condo" priced at $391 / sq.feet. "House" is the cheapest type of property with a $868 / sq.feet value followed by "Commercial" with an average price of $476 / sq.feet.
