Property prices for sale in Paramus (New Jersey)

The prices in real estate in Paramus, in the New Jersey 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.

$822,430.6
Average price last 6 months
$2,659.2
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Paramus has increased strongly during the last 6 months. In July, the average price per sq.feet was $347. In the following month the price per sq.feet decreased considerably to . The price for the following two months in (September, October) had a considerable increment of 3533 %. The price per sq.feet has had a considerable deflation of 11 % 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 $3,151.25 to $345.5 during November, and December.

Average price

Based upon to the price in Paramus (cities), these have remained the same in the last 6 months. The average price for July is $680,540. During August the price had a considerable reduction till . During the following two months (September, October) the average price had a considerable increase of 254 % 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 141 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $859,900 they are 9 % more affordable than the average price for Paramus. The properties with the lowest average price have 1 bedroom, Their price is 9 % cheaper than the average. After that we have properties with 2 bedrooms priced at $782,475.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the most costly ones at a cost of $28,507 / sq.feet, with an average $346 / sq.feet price in Paramus. The properties with the highest average prices have 1 bedroom. They are 8147 % more expensive than the average followed by properties with 2 bedrooms with a price at $28,507 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $859,900 it is 21 % cheaper than the average price in Paramus. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $681,813 it is 9 % 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 $28,507 / sq.feet followed by "Condo" priced at $29,877 / sq.feet. "Condo" is the most costly type of property with a $29,877 / sq.feet cost followed by "House" with an average price of $28,507 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Paramus
Number of properties used in region New Jersey
$859,900
$346
106
246,544
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value