The prices in real estate in Madison Heights, in the Virginia 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 Heights has increased strongly during the last 6 months. In March, the average price per sq.feet was $87. In the following month the price per sq.feet decreased to $76. The price for the following two months in (May, June) had a considerable increment of 155 %. The price per sq.feet has had a considerable increase of 120 % 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 $104 to $124.5 during July, and August.
Based upon to the price in Madison Heights (cities), this has gone up considerably in the last 6 months. The average price for March is $165,037. During April the price had a slight fall till $151,944. During the following two months (May, June) the average price had a considerable increase of 168 % 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 $212,145.25 and $205,935 between July and August.
The graph showing the average price for bedrooms displays the property with the most expensive price has 1 bedroom. It is 23 % more costly than the average price of $199,721 in Madison Heights. Based on the bedrooms values, properties with the highest prices are those with 1 bedroom. They are 23 % more expensive than the average aforementioned.
With regard to the average prices per sq.feet those properties with 1 bedroom are 24 % cheaper than the average price of ($93 / sq.feet) in Madison Heights. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 24 % cheaper than the average value aforementioned.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $162,950 it is 7 % cheaper than the average price in Madison Heights. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of $151,582 it is 23 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $79 / sq.feet followed by "House" priced at $93 / sq.feet. "House" is the cheapest type of property with a $93 / sq.feet value followed by "Commercial" with an average price of $79 / sq.feet.