The prices in real estate in Melrose, in the Massachusetts region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Melrose has remained the same in the last 6 months. In December, the average price per sq.feet was $291. In the following month the price per sq.feet decreased to $266. The price for the following two months in (February, March) had a considerable increment of 121 %. The price per sq.feet has decreased 88 % 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 $308 to $271.5 during April, and May.
Based upon to the price in Melrose (cities), this has gone up in the last 6 months. The average price during our first sample month during December, is $904,737. During January the price went through a considerable rise reaching $1,083,000. In the following two months the average price has remained the same with regard to the previous two months from $993,868.5 to $1,019,080.5. 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 $1,006,474.5 and $985,575 between April and May.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $1,059,700 they are 62 % more affordable than the average price for Melrose. The properties with the lowest average price have 1 bedroom, Their price is 19 % cheaper than the average. After that we have properties with 2 bedrooms priced at $862,107.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $251 / sq.feet, with an average $255 / sq.feet price in Melrose. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $285 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,059,700 it is 44 % cheaper than the average price in Melrose. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Townhouse". At a price of $850,109 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Commercial Property" at an average cost of $266 / sq.feet followed by "Townhouse" priced at $271 / sq.feet. "Apartment" is the most costly type of property with a $282 / sq.feet cost followed by "House" with an average price of $272 / sq.feet.