The prices in real estate in Monroeville, in the Pennsylvania 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 Monroeville has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $134. In the following month the price per sq.feet decreased to $123. The price for the following two months in (September, October) decreased 90 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 54 % 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 $122 to $65.5 during November, and December.
Based upon to the price in Monroeville (cities), this has gone downing the last 6 months. The average price for July is $239,600. During August the price had a considerable reduction till $201,767. During the following two months (September, October) 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 114 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $246,426 they are 8 % more affordable than the average price for Monroeville. The properties with the highest average price have 4 bedrooms, Their price is 41 % more costly than the average. After that we have properties with 1 bedroom priced at $229,509.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $56 / sq.feet, with an average $32 / sq.feet price in Monroeville. The properties with the highest average prices have 2 bedrooms. They are 6709 % more expensive than the average followed by properties with 1 bedroom with a price at $95 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $246,426 it is 33 % cheaper than the average price in Monroeville. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "House". At a price of $230,379 it is 1 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Duplex" at an average cost of $75 / sq.feet followed by "House" priced at $105 / sq.feet. "Condo" is the most costly type of property with a $121 / sq.feet cost followed by "Townhouse" with an average price of $106 / sq.feet.