The prices in real estate in Owings Mills, 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 Mills has increased during the last 6 months. In March, the average price per sq.feet was $153. In April this price pretty much remained the same at a value of $159 per sq.feet. In the following two months the price per sq.feet has increased 113 %, going from $156 to $177 per sq.feet. The price per sq.feet has decreased 91 % 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 $166.5 to $151 during July, and August.
Based upon to the price in Owings Mills (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $405,340. During April the price went through a considerable rise reaching $542,954. During the following two months (May, June) the average price had a considerable increase of 154 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $602,222.75 to $348,326.5, which means a 58 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $345,390 they are 55 % more affordable than the average price for Owings Mills. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $333,278.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $147 / sq.feet, with an average $152 / sq.feet price in Owings Mills. The properties with the highest average prices have 1 bedroom. They are 9 % more expensive than the average followed by properties with 3 bedrooms with a price at $155 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $345,390 it is 33 % cheaper than the average price in Owings Mills. "Office" is seen as the second most affordable property type. The dearest property type is "House" followed by "Duplex". At a price of $333,622 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $139 / sq.feet followed by "Condo" priced at $145 / sq.feet. "Duplex" is the most costly type of property with a $1,058 / sq.feet cost followed by "House" with an average price of $161 / sq.feet.