Property prices for sale in Norwich (Connecticut)
The prices in real estate in Norwich, in the Connecticut 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 Norwich has increased during the last 6 months. In November, the average price per sq.feet was $281. In the following month the price per sq.feet decreased considerably to $215. The price for the following two months in (January, February) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable increase of 278 % 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 $198.25 to $551 during March, and April.
Based upon to the price in Norwich (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $246,401. In December This price remains at $254,990. In the following two months the average price has remained the same with regard to the previous two months from $250,695.5 to $251,617.5. 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 1 bedroom are the cheapest ones. At a price of $313,506 they are 34 % more affordable than the average price for Norwich. The properties with the highest average price have 4 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 3 bedrooms priced at $306,886.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $185 / sq.feet, with an average $187 / sq.feet price in Norwich. The properties with the highest average prices have 1 bedroom. They are 907 % more expensive than the average followed by properties with 2 bedrooms with a price at $197 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $313,506 it is 61 % cheaper than the average price in Norwich. "Townhouse" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $226,582 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $21 / sq.feet followed by "Townhouse" priced at $38 / sq.feet. "Condo" is the most costly type of property with a $226 / sq.feet cost followed by "House" with an average price of $188 / sq.feet.
