Property prices for sale in Morganville (New Jersey)
The prices in real estate in Morganville, 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 Morganville has increased strongly during the last 6 months. In November, the average price per sq.feet was $312. In December this price pretty much remained the same at a value of $322 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 3218 %. The price per sq.feet has had a considerable increase of 119 % 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 $5,258.5 to $6,239 during March, and April.
Based upon to the price in Morganville (cities), this has gone up in the last 6 months. The price in November is $862,264, rising in December till $956,654. In the following two months the average price has remained the same with regard to the previous two months from $909,459 to $922,890. Based on an analysis of the first four prices and the last two months the average price has gone up 105 % 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 $950,949 they are 9 % more affordable than the average price for Morganville. The properties with the lowest average price have 1 bedroom, Their price is 8 % cheaper than the average. After that we have properties with 3 bedrooms priced at $867,620.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $3,139 / sq.feet, with an average $341 / sq.feet price in Morganville. The properties with the highest average prices have 1 bedroom. They are 838 % more expensive than the average followed by properties with 3 bedrooms with a price at $3,159 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $950,949 it is 10 % cheaper than the average price in Morganville. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $858,978 it is 9 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $3,119 / sq.feet followed by "House" priced at $3,139 / sq.feet. "House" is the most costly type of property with a $3,139 / sq.feet cost followed by "Condo" with an average price of $3,119 / sq.feet.
