Property prices for sale in Madison Heights (Virginia)
The prices in real estate in Madison Heights, in the Virginia region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Madison Heights has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,095. In the following month the price per sq.feet decreased considerably to $171. The price for the following two months in (December, January) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $451.5 to $472 during February y March
Based upon to the price in Madison Heights (cities), this has gone up considerably in the last 6 months. The price in October is $235,927, rising in November till $256,700. During the following two months (December, January) the average price had a considerable increase of 124 % 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 1 bedroom are the cheapest ones. At a price of $330,607 they are 97 % more affordable than the average price for Madison Heights. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $278,175.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $14 / sq.feet, with an average $571 / sq.feet price in Madison Heights. The properties with the lowest average prices have 3 bedrooms. They are 68 % cheaper than the average followed by properties with 2 bedrooms with a price at $162 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $330,607 it is 97 % cheaper than the average price in Madison Heights. "Land" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "House". At a price of $318,024 it is 2 % 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 $14 / sq.feet followed by "House" priced at $175 / sq.feet. "Land" is the most costly type of property with a $19,103 / sq.feet cost followed by "Detached House" with an average price of $177 / sq.feet.
