The prices in real estate in Owings, in the Maryland 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 Owings has increased during the last 6 months. In October, the average price per sq.feet was $140. In November this price pretty much remained the same at a value of $141 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $140.5 to $149.5 per sq.feet. The price per sq.feet has had a considerable increase of 117 % 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 $145 to $169 during February, and March.
Based upon to the price in Owings (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $326,083. In November This price remains at $314,854. During the following two months (December, January) the average price had a considerable increase of 116 % 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 risen strongly 148 % 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 $514,442 they are 10 % more affordable than the average price for Owings. The properties with the lowest average price have 1 bedroom, Their price is 9 % cheaper than the average. After that we have properties with 4 bedrooms priced at $465,468.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $135 / sq.feet, with an average $169 / sq.feet price in Owings. The properties with the lowest average prices have 1 bedroom. They are 20 % cheaper than the average followed by properties with 4 bedrooms with a price at $135 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $514,442 it is 10 % cheaper than the average price in Owings. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Apartment". At a price of $465,468 it is 4 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $135 / sq.feet followed by "House" priced at $243 / sq.feet. "House" is the most costly type of property with a $243 / sq.feet cost followed by "Apartment" with an average price of $135 / sq.feet.