Property prices for sale in Morris Plains (New Jersey)
The prices in real estate in Morris Plains, in the New Jersey region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Morris Plains has remained the same in the last 6 months. In October, the average price per sq.feet was $332. In November this price pretty much remained the same at a value of $345 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $338.5 to $337 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 $337.75 to $345 during February y March
Based upon to the price in Morris Plains (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $744,533. In November This price remains at $756,454. During the following two months (December, January) 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 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 $930,709 they are 58 % more affordable than the average price for Morris Plains. The properties with the lowest average price have 3 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 4 bedrooms priced at $611,473.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $244 / sq.feet, with an average $347 / sq.feet price in Morris Plains. The properties with the highest average prices have 1 bedroom. They are 3583 % more expensive than the average followed by properties with 3 bedrooms with a price at $323 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $930,709 it is 46 % cheaper than the average price in Morris Plains. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $681,658 it is 21 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $299 / sq.feet followed by "House" priced at $313 / sq.feet. "Commercial" is the most costly type of property with a $10,527 / sq.feet cost followed by "Duplex" with an average price of $10,461 / sq.feet.
