Property prices for sale in Midway (Georgia)
The prices in real estate in Midway, in the Georgia 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 Midway has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,436. In the following month the price per sq.feet decreased considerably to $215. The price for the following two months in (December, January) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable increase of 799 % 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 $592.5 to $4,733.5 during February, and March.
Based upon to the price in Midway (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $396,251. In November This price remains at $413,616. In the following two months the average price has remained the same with regard to the previous two months from $404,933.5 to $409,554. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $407,243.75 to $357,057.5 in 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 $363,864 they are 23 % more affordable than the average price for Midway. The properties with the highest average price have 3 bedrooms, Their price is 18 % more costly than the average. After that we have properties with 4 bedrooms priced at $359,408.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $6,993 / sq.feet price in Midway. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $348 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $363,864 it is 56 % cheaper than the average price in Midway. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $204,714 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $50 / sq.feet followed by "House" priced at $211 / sq.feet. "Townhouse" is the cheapest type of property with a $6,155 / sq.feet value followed by "House" with an average price of $211 / sq.feet.
