The prices in real estate in Middle Village, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Middle Village has increased during the last 6 months. In December, the average price per sq.feet was $538. In January this price pretty much remained the same at a value of $542 per sq.feet. In the following two months the price per sq.feet has increased 112 %, going from $540 to $602.5 per sq.feet. The price per sq.feet has increased 105 % 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 $571.25 to $600.5 during April, and May.
Based upon to the price in Middle Village (cities), this has gone up in the last 6 months. In our first sample month during December, the average price is $865,347. In January This price remains at $859,084. In the following two months the average price has remained the same with regard to the previous two months from $862,215.5 to $882,557.5. 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 $989,492 they are 48 % more affordable than the average price for Middle Village. The properties with the highest average price have 4 bedrooms, Their price is 27 % more costly than the average. After that we have properties with 3 bedrooms priced at $903,869.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $466 / sq.feet, with an average $555 / sq.feet price in Middle Village. The properties with the highest average prices have 1 bedroom. They are 34 % more expensive than the average followed by properties with 2 bedrooms with a price at $726 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $989,492 it is 19 % cheaper than the average price in Middle Village. "Duplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Townhouse". At a price of $877,750 it is 0 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $521 / sq.feet followed by "Duplex" priced at $532 / sq.feet. "Townhouse" is the most costly type of property with a $710 / sq.feet cost followed by "Condo" with an average price of $656 / sq.feet.