Property prices for sale in Northport (Alabama)
The prices in real estate in Northport, in the Alabama 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 Northport has increased strongly during the last 6 months. In November, the average price per sq.feet was $183. In December this price pretty much remained the same at a value of $190 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 227 %. The price per sq.feet has had a considerable increase of 229 % 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 $304.5 to $698.5 during March, and April.
Based upon to the price in Northport (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $379,055. In December This price remains at $381,052. In the following two months the average price has remained the same with regard to the previous two months from $380,053.5 to $365,853.5. Based on an analysis of the first four prices and the last two months the average price has gone up 109 % 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 $432,087 they are 53 % more affordable than the average price for Northport. The properties with the highest average price have 4 bedrooms, Their price is 22 % more costly than the average. After that we have properties with 3 bedrooms priced at $338,447.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $193 / sq.feet, with an average $209 / sq.feet price in Northport. The properties with the highest average prices have 2 bedrooms. They are 51 % more expensive than the average followed by properties with 1 bedroom with a price at $224 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $432,087 it is 63 % cheaper than the average price in Northport. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $343,750 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $32 / sq.feet followed by "Condo" priced at $143 / sq.feet. "Land" is the most costly type of property with a $343,750 / sq.feet cost followed by "House" with an average price of $205 / sq.feet.
