The prices in real estate in Philadelphia, in the Pennsylvania 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 Philadelphia has increased during the last 6 months. In January, the average price per sq.feet was $180. In the following month the price per sq.feet increased to $194. In the following two months the price per sq.feet has increased 107 %, going from $187 to $200 per sq.feet. The price per sq.feet has increased 105 % 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 $193.5 to $203.5 during May, and June.
Based upon to the price in Philadelphia (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is $246,186. During February the price went through a considerable rise reaching $295,822. During the following two months (March, April) the price has had an average incrementation from $271,004 to $295,703.5. 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 $283,353.75 and $292,142 between May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $315,782 they are 14 % more affordable than the average price for Philadelphia. The properties with the highest average price have 4 bedrooms, Their price is 47 % more costly than the average. After that we have properties with 2 bedrooms priced at $314,368.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $188 / sq.feet, with an average $213 / sq.feet price in Philadelphia. The properties with the highest average prices have 1 bedroom. They are 67 % more expensive than the average followed by properties with 2 bedrooms with a price at $292 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $315,782 it is 41 % cheaper than the average price in Philadelphia. "Land" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $379,000 it is 50 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $168 / sq.feet followed by "Land" priced at $175 / sq.feet. "Townhouse" is the most costly type of property with a $85,730 / sq.feet cost followed by "Condo" with an average price of $1,261 / sq.feet.