Property prices for sale in Lynnfield (Massachusetts)
The prices in real estate in Lynnfield, in the Massachusetts region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Lynnfield has increased during the last 6 months. In November, the average price per sq.feet was $399. In December this price pretty much remained the same at a value of $388 per sq.feet. In the following two months the price per sq.feet has increased 108 %, going from $393.5 to $426 per sq.feet. The price per sq.feet has increased 105 % 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 $409.75 to $430.5 during March, and April.
Based upon to the price in Lynnfield (cities), this has gone up considerably in the last 6 months. The average price for November is $1,452,191. During December the price had a slight fall till $1,340,199. During the following two months (January, February) the average price had a considerable increase of 121 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $1,535,905 they are 64 % more affordable than the average price for Lynnfield. The properties with the highest average price have 4 bedrooms, Their price is 10 % more costly than the average. After that we have properties with 1 bedroom priced at $1,533,801.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $243 / sq.feet, with an average $420 / sq.feet price in Lynnfield. The properties with the highest average prices have 1 bedroom. They are 699 % more expensive than the average followed by properties with 4 bedrooms with a price at $413 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $1,535,905 it is 60 % cheaper than the average price in Lynnfield. "Townhouse" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "House". At a price of $1,754,317 it is 22 % 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 $242 / sq.feet followed by "Condo" priced at $317 / sq.feet. "House" is the cheapest type of property with a $420 / sq.feet value followed by "Detached House" with an average price of $411 / sq.feet.
