The prices in real estate in Newton, in the Massachusetts 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 Newton has increased during the last 6 months. In February, the average price per sq.feet was $525. In the following month the price per sq.feet increased to $596. In the following two months the price per sq.feet has barely changed, going from $560.5 to $581 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 $570.75 to $549 during June y July
Based upon to the price in Newton (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during February, is $1,306,749. During March the price went through a considerable rise reaching $1,901,860. During the following two months (April, May) the price has had an average incrementation from $1,604,304.5 to $1,730,712. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,862,943 they are 71 % more affordable than the average price for Newton. The properties with the lowest average price have 4 bedrooms, Their price is 9 % cheaper than the average. After that we have properties with 3 bedrooms priced at $1,158,018.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $537 / sq.feet, with an average $542 / sq.feet price in Newton. The properties with the highest average prices have 1 bedroom. They are 10 % more expensive than the average followed by properties with 2 bedrooms with a price at $570 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $1,862,943 it is 53 % cheaper than the average price in Newton. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $1,086,342 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $557 / sq.feet followed by "Condo" priced at $563 / sq.feet. "Duplex" is the most costly type of property with a $629 / sq.feet cost followed by "Condo" with an average price of $563 / sq.feet.