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.

$530,304.33
Average price last 6 months
$17,141
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 February, the average price per sq.feet was $203. In March this price pretty much remained the same at a value of $213 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $208 to $208.5 per sq.feet. The price per sq.feet has had a considerable increase of 24493 % 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 $208.25 to $51,006.5 during June, and July.

Average price

Based upon to the price in Pennington (cities), these have remained the same in the last 6 months. The average price for February is $549,805. During March the price had a slight fall till $521,601. In the following two months the average price has remained the same with regard to the previous two months from $535,703 to $530,046. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $532,874.5 and $525,164 between June and July.

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 $487,934 they are 7 % more affordable than the average price for Pennington. The properties with the lowest average price have 2 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 1 bedroom priced at $455,729.

With regard to the average prices per sq.feet those properties with 1 bedroom are 100 % cheaper than the average price of ($182 / sq.feet) in Pennington. Properties with the most affordable price based upon to the number of bedrooms / sq.feet are those with 1 bedroom. They are 100 % cheaper than the average value aforementioned.

Price per property type

With regard to the average price based upon the property in Pennington we can see that the cheapest property type is "House" at a price of $470,840, they are 4 % more affordable than the average price of (!PRECIO2!). "House" has the lowest price. This price is 4 % more affordable than the average price aforementioned.

According to the average area cost by sq.feet the cheapest property type is "House with an average price of $182 / sq.feet. "House" with an average cost of $182 / sq.feet has the lowest price and would be directed at less affluent cities.

Charts data
Average price July
Average price per sq.feet July
Number of properties used in Pennington
Number of properties used in region New Jersey
$487,934
$41,232
432
136,848
** 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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