Property prices for sale in Murphy (North Carolina)
The prices in real estate in Murphy, in the North Carolina 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 Murphy has increased strongly during the last 6 months. In October, the average price per sq.feet was $579. In the following month the price per sq.feet increased considerably to $1,090. In the following two months the price per sq.feet has increased 112 %, going from $834.5 to $930.5 per sq.feet. The price per sq.feet has increased 112 % 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 $882.5 to $985.5 during February, and March.
Based upon to the price in Murphy (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $206,982. In November This price remains at $211,817. During the following two months (December, January) the price has had an average incrementation from $209,399.5 to $230,902. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 92 %, going from $220,150.75 to $201,987.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the most costly ones. At a price of $189,691 they are 31 % more expensive than the average price for Murphy. Following this ranking we find those properties with 2 at an average price of $336,681. The properties with the highest average price have 3 bedrooms, Their price is 156 % more costly than the average. After that we have properties with 4 bedrooms priced at $464,754.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $1,647 / sq.feet, with an average $1,112 / sq.feet price in Murphy. The properties with the highest average prices have 1 bedroom. They are 2087 % more expensive than the average followed by properties with 3 bedrooms with a price at $6,781 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $189,691 it is 78 % cheaper than the average price in Murphy. "House" is seen as the second most affordable property type. The dearest property type is "Detached House" followed by "Cabin". At a price of $461,957 it is 266 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $268 / sq.feet followed by "Detached House" priced at $312 / sq.feet. "House" is the most costly type of property with a $3,104 / sq.feet cost followed by "Cabin" with an average price of $2,888 / sq.feet.
