The prices in real estate in Morristown, in the New Jersey 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 Morristown has increased during the last 6 months. In August, the average price per sq.feet was $277. In September this price pretty much remained the same at a value of $284 per sq.feet. In the following two months the price per sq.feet has increased 107 %, going from $280.5 to $301.5 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 $291 to $298 during December y January
Based upon to the price in Morristown (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is $607,644. In September This price remains at $611,218. During the following two months (October, November) the price has had an average incrementation from $609,431 to $654,442.5. 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 $631,936.75 and $653,616.5 between December and January.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $671,292 they are 44 % more affordable than the average price for Morristown. The properties with the highest average price have 2 bedrooms, Their price is 79 % more costly than the average. After that we have properties with 4 bedrooms priced at $868,434.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $325 / sq.feet, with an average $301 / sq.feet price in Morristown. The properties with the highest average prices have 1 bedroom. They are 2397 % more expensive than the average followed by properties with 2 bedrooms with a price at $4,239 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $671,292 it is 22 % cheaper than the average price in Morristown. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $706,808 it is 9 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $298 / sq.feet followed by "House" priced at $303 / sq.feet. "Duplex" is the most costly type of property with a $3,346 / sq.feet cost followed by "Office" with an average price of $2,252 / sq.feet.