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 April, the average price per sq.feet was $124. In May this price pretty much remained the same at a value of $124 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 59245 %. The price per sq.feet has had a considerable increase of 128 % 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 $36,793.75 to $47,213.5 during August, and September.
Based upon to the price in Pitman (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $261,271. In May This price remains at $256,950. During the following two months (June, July) the average price fell 87 % with regard to the previous two months. 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 $242,782.5 and $237,532 between August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $234,976 they are 25 % more affordable than the average price for Pitman. The properties with the lowest average price have 1 bedroom, Their price is 25 % cheaper than the average. After that we have properties with 2 bedrooms priced at $175,109.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $4,539 / sq.feet, with an average $38,086 / sq.feet price in Pitman. The properties with the lowest average prices have 1 bedroom. They are 88 % cheaper than the average followed by properties with 2 bedrooms with a price at $4,539 / sq.feet.
The graph displaying the average prices displays the property type "Commercial Property" as the most affordable one. At an cost of $234,976 it is 54 % 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 $108,302 it is 25 % 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 $59 / sq.feet followed by "Duplex" priced at $64 / sq.feet. "Apartment" is the cheapest type of property with a $4,539 / sq.feet value followed by "Duplex" with an average price of $64 / sq.feet.