Property prices for sale in Madison (Alabama)
The prices in real estate in Madison, in the Alabama 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 Madison has increased strongly during the last 6 months. In November, the average price per sq.feet was $179. In December this price pretty much remained the same at a value of $178 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 504 %. The price per sq.feet has had a considerable increase of 473 % 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 $539.5 to $2,553 during March, and April.
Based upon to the price in Madison (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $451,826. In December This price remains at $438,568. During the following two months (January, February) the price has had an average incrementation from $445,197 to $480,755. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $499,802 they are 43 % more affordable than the average price for Madison. The properties with the lowest average price have 1 bedroom, Their price is 42 % cheaper than the average. After that we have properties with 2 bedrooms priced at $286,004.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $95 / sq.feet, with an average $879 / sq.feet price in Madison. The properties with the highest average prices have 2 bedrooms. They are 78 % more expensive than the average followed by properties with 1 bedroom with a price at $95 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $499,802 it is 53 % cheaper than the average price in Madison. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Townhouse". At a price of $390,675 it is 68 % 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 $92 / sq.feet followed by "Commercial" priced at $201 / sq.feet. "House" is the most costly type of property with a $1,563 / sq.feet cost followed by "Condo" with an average price of $758 / sq.feet.
