The prices in real estate in Middle River, in the Maryland 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 Middle River has increased strongly during the last 6 months. In January, the average price per sq.feet was $157. In February this price pretty much remained the same at a value of $160 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $158.5 to $155 per sq.feet. The price per sq.feet has had a considerable increase of 241 % 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 $156.75 to $377 during May, and June.
Based upon to the price in Middle River (cities), this has gone up considerably in the last 6 months. The price in January is $309,254, rising in February till $329,253. During the following two months (March, April) the average price had a considerable increase of 128 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 156 % 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 $569,720 they are 50 % more affordable than the average price for Middle River. The properties with the lowest average price have 4 bedrooms, Their price is 43 % cheaper than the average. After that we have properties with 1 bedroom priced at $287,389.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $377 / sq.feet price in Middle River. The properties with the lowest average prices have 1 bedroom. They are 58 % cheaper than the average followed by properties with 4 bedrooms with a price at $159 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $569,720 it is 51 % cheaper than the average price in Middle River. "Villa" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial". At a price of $312,673 it is 37 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $148 / sq.feet followed by "Commercial" priced at $150 / sq.feet. "Apartment" is the cheapest type of property with a $162 / sq.feet value followed by "House" with an average price of $156 / sq.feet.