The prices in real estate in Millbury, in the Massachusetts 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 Millbury has increased strongly during the last 6 months. In November, the average price per sq.feet was $270. In the following month the price per sq.feet increased to $290. In the following two months the price per sq.feet has barely changed, going from $280 to $284.5 per sq.feet. The price per sq.feet has had a considerable increase of 217 % 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 $282.25 to $612 during March, and April.
Based upon to the price in Millbury (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $513,719. In December This price remains at $488,670. During the following two months (January, February) the average price fell 94 % 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 gone up 113 % 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 $559,527 they are 49 % more affordable than the average price for Millbury. Based on the bedrooms values, properties with the lowest prices are those with 3 bedrooms. They are 11 % more affordable than the average aforementioned.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $252 / sq.feet, with an average $290 / sq.feet price in Millbury. Properties with the most expensive price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 39 % more costly than the average value aforementioned.