The prices in real estate in Pitman, 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.
The price per sq.feet in Pitman has increased strongly during the last 6 months. In January, the average price per sq.feet was $125. In February this price pretty much remained the same at a value of $121 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $123 to $120.5 per sq.feet. The price per sq.feet has had a considerable increase of 25572 % 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 $121.75 to $31,133.5 during May, and June.
Based upon to the price in Pitman (cities), this has gone up considerably in the last 6 months. The average price for January is $167,748. During February the price had a slight fall till $159,206. During the following two months (March, April) the average price had a considerable increase of 136 % 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 122 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $212,683 they are 17 % more affordable than the average price for Pitman. The properties with the lowest average price have 1 bedroom, Their price is 17 % cheaper than the average. After that we have properties with 2 bedrooms priced at $175,637.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $4,554 / sq.feet, with an average $62,143 / sq.feet price in Pitman. The properties with the lowest average prices have 1 bedroom. They are 93 % cheaper than the average followed by properties with 2 bedrooms with a price at $4,554 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $212,683 it is 49 % cheaper than the average price in Pitman. "Duplex" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Duplex". At a price of $108,629 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial Property" at an average cost of $62 / sq.feet followed by "Duplex" priced at $67 / sq.feet. "Apartment" is the cheapest type of property with a $4,554 / sq.feet value followed by "Duplex" with an average price of $67 / sq.feet.