Property prices for sale in Millburn (New Jersey)
The prices in real estate in Millburn, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Millburn has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $403,090. In the following month the price per sq.feet decreased considerably to $339,940. The price for the following two months in (December, January) had a considerable decrease of 30 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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 $240,596 to $202,307.5 during February, and March.
Based upon to the price in Millburn (cities), this has gone downing the last 6 months. The average price for October is $2,675,438. During November the price had a considerable reduction till $2,046,600. During the following two months (December, January) the average price fell 92 % 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 134 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $2,932,571 they are 36 % more affordable than the average price for Millburn. The properties with the lowest average price have 1 bedroom, Their price is 33 % cheaper than the average. After that we have properties with 2 bedrooms priced at $1,924,768.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $13,999 / sq.feet, with an average $278,176 / sq.feet price in Millburn. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $14,299 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $2,932,571 it is 36 % cheaper than the average price in Millburn. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of $1,877,211 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $13,929 / sq.feet followed by "House" priced at $13,999 / sq.feet. "House" is the cheapest type of property with a $13,999 / sq.feet value followed by "Commercial" with an average price of $13,929 / sq.feet.
