The prices in real estate in Media, in the Pennsylvania 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 Media has increased strongly during the last 6 months. In March, the average price per sq.feet was $203. In April this price pretty much remained the same at a value of $207 per sq.feet. The price for the following two months in (May, June) had a considerable increment of 2197 %. The price per sq.feet has had a considerable increase of 267 % 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 $2,354.75 to $6,284.5 during July, and August.
Based upon to the price in Media (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $529,774. In April This price remains at $518,684. During the following two months (May, June) the price has had an average incrementation from $524,229 to $572,034. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % 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 $612,229 they are 80 % more affordable than the average price for Media. The properties with the lowest average price have 4 bedrooms, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at $389,415.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $155 / sq.feet, with an average $6,119 / sq.feet price in Media. The properties with the lowest average prices have 2 bedrooms. They are 97 % cheaper than the average followed by properties with 3 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $612,229 it is 29 % cheaper than the average price in Media. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Multi Family House". At a price of $443,107 it is 3 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $156 / sq.feet followed by "Multi Family House" priced at $157 / sq.feet. "House" is the cheapest type of property with a $185 / sq.feet value followed by "Townhouse" with an average price of $167 / sq.feet.