Property prices for sale in Pennington (New Jersey)

The prices in real estate in Pennington, 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.

$709,681.67
Average price last 6 months
$17,549.33
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Pennington has increased strongly during the last 6 months. In October, the average price per sq.feet was $7,789. In the following month the price per sq.feet decreased considerably to $305. The price for the following two months in (December, January) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable increase of 1605 % 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 $2,917.25 to $46,813.5 during February, and March.

Average price

Based upon to the price in Pennington (cities), these have remained the same in the last 6 months. The average price for October is $727,845. During November the price had a slight fall till $624,052. In the following two months the average price has remained the same with regard to the previous two months from $675,948.5 to $663,561.5. Based on an analysis of the first four prices and the last two months the average price has risen strongly 118 % during the last two months.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $717,699 they are 75 % more affordable than the average price for Pennington. The properties with the lowest average price have 4 bedrooms, Their price is 6 % cheaper than the average. After that we have properties with 3 bedrooms priced at $457,440.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $230 / sq.feet, with an average $11,466 / sq.feet price in Pennington. The properties with the highest average prices have 4 bedrooms. They are 32 % more expensive than the average followed by properties with 3 bedrooms with a price at $256 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $717,699 it is 78 % cheaper than the average price in Pennington. "Condo" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $401,751 it is 16 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $235 / sq.feet followed by "House" priced at $278 / sq.feet. "Land" is the most costly type of property with a $93,430 / sq.feet cost followed by "House" with an average price of $278 / sq.feet.

Charts data
Average price March
Average price per sq.feet March
Number of properties used in Pennington
Number of properties used in region New Jersey
$717,699
$11,466
668
374,290
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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