Property prices for sale in Montague (New Jersey)
The prices in real estate in Montague, 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 Montague has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $26,089. In the following month the price per sq.feet decreased considerably to $7,373. The price for the following two months in (December, January) had a considerable decrease of 35 with regard to the prior two months. The price per sq.feet has increased 109 % 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 $11,280.5 to $12,276 during February, and March.
Based upon to the price in Montague (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $232,868. During November the price went through a considerable rise reaching $275,995. During the following two months (December, January) the price has had an average incrementation from $254,431.5 to $289,837.5. During the last two months the average price has had a strong fall compared to the previous four going from $272,134.5 to $202,300.5, which means a 74 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $191,883 they are 39 % more affordable than the average price for Montague. The properties with the lowest average price have 1 bedroom, Their price is 26 % cheaper than the average. After that we have properties with 3 bedrooms priced at $139,303.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $120 / sq.feet, with an average $13,838 / sq.feet price in Montague. The properties with the lowest average prices have 1 bedroom. They are 77 % cheaper than the average followed by properties with 3 bedrooms with a price at $3,147 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $191,883 it is 27 % cheaper than the average price in Montague. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Apartment". At a price of $180,397 it is 29 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $1,984 / sq.feet followed by "Townhouse" priced at $2,318 / sq.feet. "House" is the cheapest type of property with a $3,147 / sq.feet value followed by "Townhouse" with an average price of $2,318 / sq.feet.
