The prices in real estate in Millville, in the New Jersey 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 Millville has increased strongly during the last 6 months. In February, the average price per sq.feet was $60. In the following month the price per sq.feet decreased considerably to $44. The price for the following two months in (April, May) had a considerable increment of 235 %. The price per sq.feet has had a considerable increase of 8069 % 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 $87 to $7,020 during June, and July.
Based upon to the price in Millville (cities), this has gone up in the last 6 months. The average price for February is $124,157. During March the price had a slight fall till $116,823. During the following two months (April, May) the average price had a considerable increase of 116 % 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 116 % 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 $149,939 they are 50 % more affordable than the average price for Millville. The properties with the highest average price have 1 bedroom, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $154,233.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $32 / sq.feet, with an average $7,166 / sq.feet price in Millville. The properties with the highest average prices have 2 bedrooms. They are 351 % more expensive than the average followed by properties with 3 bedrooms with a price at $32,011 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $149,939 it is 54 % cheaper than the average price in Millville. "House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $94,604 it is 11 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $54 / sq.feet followed by "Townhouse" priced at $101 / sq.feet. "Land" is the cheapest type of property with a $278 / sq.feet value followed by "Townhouse" with an average price of $101 / sq.feet.