The prices in real estate in New Market, in the Maryland 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 New Market has increased during the last 6 months. In November, the average price per sq.feet was $201. In December this price pretty much remained the same at a value of $201 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $201 to $209 per sq.feet. The price per sq.feet has increased 114 % 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 $205 to $234.5 during March, and April.
Based upon to the price in New Market (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $503,903. In December This price remains at $505,206. In the following two months the average price has remained the same with regard to the previous two months from $504,554.5 to $515,906.5. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 $553,363 they are 50 % more affordable than the average price for New Market. The properties with the lowest average price have 4 bedrooms, Their price is 18 % cheaper than the average. After that we have properties with 1 bedroom priced at $404,321.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $126 / sq.feet, with an average $236 / sq.feet price in New Market. The properties with the lowest average prices have 2 bedrooms. They are 30 % cheaper than the average followed by properties with 1 bedroom with a price at $140 / sq.feet.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of $553,363 it is 32 % 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 $414,014 it is 23 % 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 $120 / sq.feet followed by "Condo" priced at $129 / sq.feet. "House" is the cheapest type of property with a $134 / sq.feet value followed by "Condo" with an average price of $129 / sq.feet.