The prices in real estate in Montgomery Village, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Montgomery Village has increased during the last 6 months. In September, the average price per sq.feet was $165. In October this price pretty much remained the same at a value of $164 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $164.5 to $182 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $173.25 to $180 during January y February
Based upon to the price in Montgomery Village (cities), this has gone up in the last 6 months. The average price for September is $348,965. During October the price had a slight fall till $319,424. During the following two months (November, December) the average price had a considerable increase of 128 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $380,696.75 and $381,473 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $397,281 they are 70 % more affordable than the average price for Montgomery Village. The properties with the lowest average price have 4 bedrooms, Their price is 3 % cheaper than the average. After that we have properties with 3 bedrooms priced at $288,219.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $146 / sq.feet, with an average $177 / sq.feet price in Montgomery Village. The properties with the highest average prices have 4 bedrooms. They are 245 % more expensive than the average followed by properties with 3 bedrooms with a price at $171 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $397,281 it is 57 % cheaper than the average price in Montgomery Village. "Apartment" is seen as the second most affordable property type. The dearest property type is "Townhouse" followed by "Commercial". At a price of $483,173 it is 31 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $1,554 / sq.feet followed by "Apartment" priced at $2,297 / sq.feet. "Commercial" is the most costly type of property with a $47,890 / sq.feet cost followed by "Office" with an average price of $30,503 / sq.feet.