The prices in real estate in North Smithfield, in the Rhode Island 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 North Smithfield has increased during the last 6 months. In September, the average price per sq.feet was $296. In October this price pretty much remained the same at a value of $301 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $298.5 to $303 per sq.feet. The price per sq.feet has had a considerable increase of 125 % 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 $300.75 to $375 during January, and February.
Based upon to the price in North Smithfield (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is $508,665. In October This price remains at $501,143. During the following two months (November, December) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % 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 $580,508 they are 54 % more affordable than the average price for North Smithfield. The properties with the highest average price have 4 bedrooms, Their price is 15 % more costly than the average. After that we have properties with 3 bedrooms priced at $403,538.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $169 / sq.feet, with an average $474 / sq.feet price in North Smithfield. The properties with the lowest average prices have 1 bedroom. They are 51 % cheaper than the average followed by properties with 3 bedrooms with a price at $195 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $580,508 it is 53 % cheaper than the average price in North Smithfield. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $343,152 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $86 / sq.feet followed by "Condo" priced at $103 / sq.feet. "Apartment" is the cheapest type of property with a $180 / sq.feet value followed by "House" with an average price of $170 / sq.feet.