Property prices for sale in Marblehead (Massachusetts)
The prices in real estate in Marblehead, in the Massachusetts region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Marblehead has fallen in the last 6 months. In October, the average price per sq.feet was $426. In November this price pretty much remained the same at a value of $412 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $419 to $406 per sq.feet. The price per sq.feet has decreased 91 % 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 $412.5 to $374.5 during February, and March.
Based upon to the price in Marblehead (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $904,086. In November This price remains at $873,984. In the following two months the average price has remained the same with regard to the previous two months from $889,035 to $873,336.5. During the last two months the average price has had a strong fall compared to the previous four going from $881,185.75 to $716,063.5, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $691,588 they are 34 % more affordable than the average price for Marblehead. The properties with the highest average price have 4 bedrooms, Their price is 77 % more costly than the average. After that we have properties with 3 bedrooms priced at $636,063.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $344 / sq.feet, with an average $376 / sq.feet price in Marblehead. The properties with the highest average prices have 1 bedroom. They are 385 % more expensive than the average followed by properties with 4 bedrooms with a price at $445 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $691,588 it is 16 % cheaper than the average price in Marblehead. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $749,635 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $223 / sq.feet followed by "House" priced at $354 / sq.feet. "Apartment" is the most costly type of property with a $1,795 / sq.feet cost followed by "Condo" with an average price of $398 / sq.feet.
