Property prices for sale in Meriden (Connecticut)
The prices in real estate in Meriden, in the Connecticut 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 Meriden has increased strongly during the last 6 months. In October, the average price per sq.feet was $171. In November this price pretty much remained the same at a value of $168 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $169.5 to $169.5 per sq.feet. The price per sq.feet has had a considerable increase of 147 % 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 $169.5 to $248.5 during February, and March.
Based upon to the price in Meriden (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $267,904. In November This price remains at $255,357. In the following two months the average price has remained the same with regard to the previous two months from $261,630.5 to $267,824.5. 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 $264,727.5 and $276,046 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $280,134 they are 49 % more affordable than the average price for Meriden. The properties with the highest average price have 4 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 3 bedrooms priced at $283,057.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $212 / sq.feet, with an average $349 / sq.feet price in Meriden. The properties with the highest average prices have 4 bedrooms. They are 28 % more expensive than the average followed by properties with 3 bedrooms with a price at $368 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $280,134 it is 61 % cheaper than the average price in Meriden. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $295,427 it is 22 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $142 / sq.feet followed by "Townhouse" priced at $144 / sq.feet. "Land" is the most costly type of property with a $128,650 / sq.feet cost followed by "House" with an average price of $252 / sq.feet.
