The prices in real estate in Pittsburgh, in the Pennsylvania 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 Pittsburgh has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $173. The price for the following two months in (December, January) had a considerable increment of 175 %. The price per sq.feet has had a considerable increase of 243 % 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 $118.75 to $288.5 during February, and March.
Based upon to the price in Pittsburgh (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $481,170. During the following two months (December, January) the average price had a considerable increase of 203 % 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 127 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $450,504 they are 46 % more affordable than the average price for Pittsburgh. The properties with the highest average price have 1 bedroom, Their price is 35 % more costly than the average. After that we have properties with 4 bedrooms priced at $467,159.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $207 / sq.feet, with an average $314 / sq.feet price in Pittsburgh. The properties with the highest average prices have 2 bedrooms. They are 209 % more expensive than the average followed by properties with 3 bedrooms with a price at $447 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most costly one. At an cost of $450,504 it is 3 % more expensive than the average price in Pittsburgh. "Townhouse" is seen as the second dearest property type. The dearest property type is "House" followed by "Townhouse". At a price of $476,988 it is 40 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $150 / sq.feet followed by "Townhouse" priced at $163 / sq.feet. "House" is the cheapest type of property with a $201 / sq.feet value followed by "Townhouse" with an average price of $163 / sq.feet.