The prices in real estate in Old Hickory, in the Tennessee 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 Old Hickory has increased strongly during the last 6 months. In March, the average price per sq.feet was $196. In April this price pretty much remained the same at a value of $194 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $195 to $193 per sq.feet. The price per sq.feet has had a considerable increase of 153 % 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 $194 to $297 during July, and August.
Based upon to the price in Old Hickory (cities), this has gone up in the last 6 months. The price in March is $354,342, rising in April till $374,140. In the following two months the average price has remained the same with regard to the previous two months from $364,241 to $362,920. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $369,434 they are 54 % more affordable than the average price for Old Hickory. The properties with the lowest average price have 1 bedroom, Their price is 40 % cheaper than the average. After that we have properties with 4 bedrooms priced at $168,546.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $671 / sq.feet, with an average $213 / sq.feet price in Old Hickory. The properties with the highest average prices have 1 bedroom. They are 245 % more expensive than the average followed by properties with 4 bedrooms with a price at $671 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $369,434 it is 54 % cheaper than the average price in Old Hickory. "Townhouse" is seen as the second most affordable property type. The cheapest type property is "Townhouse" followed by "House". At a price of $168,546 it is 4 % more affordable 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 $671 / sq.feet followed by "Townhouse" priced at $756 / sq.feet. "Townhouse" is the most costly type of property with a $756 / sq.feet cost followed by "House" with an average price of $671 / sq.feet.