The prices in real estate in New Market, in the Maryland 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 New Market has remained the same in the last 6 months. In January, the average price per sq.feet was $172. In February this price pretty much remained the same at a value of $170 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $171 to $173.5 per sq.feet. The price per sq.feet has increased 110 % 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 $172.25 to $189.5 during May, and June.
Based upon to the price in New Market (cities), this has gone up considerably in the last 6 months. In our first sample month during January, the average price is $433,035. In February This price remains at $449,846. During the following two months (March, April) the price has had an average incrementation from $441,440.5 to $487,529. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 $545,190 they are 48 % more affordable than the average price for New Market. The properties with the lowest average price have 4 bedrooms, Their price is 14 % cheaper than the average. After that we have properties with 1 bedroom priced at $411,265.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $148 / sq.feet, with an average $192 / sq.feet price in New Market. The properties with the lowest average prices have 2 bedrooms. They are 3 % cheaper than the average followed by properties with 1 bedroom with a price at $157 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $545,190 it is 29 % cheaper than the average price in New Market. "House" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Commercial Property". At a price of $423,239 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Villa" at an average cost of $142 / sq.feet followed by "Condo" priced at $151 / sq.feet. "House" is the cheapest type of property with a $156 / sq.feet value followed by "Condo" with an average price of $151 / sq.feet.