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 December, the average price per sq.feet was $82. In the following month the price per sq.feet increased to $92. The price for the following two months in (February, March) had a considerable increment of 164 %. The price per sq.feet has had a considerable increase of 189 % 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 $114.75 to $217 during April, and May.
Based upon to the price in Pittsburgh (cities), this has gone up considerably in the last 6 months. The price in December is $271,326, rising in January till $309,475. During the following two months (February, March) the average price had a considerable increase of 139 % 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 gone up 112 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $381,362 they are 23 % more affordable than the average price for Pittsburgh. The properties with the highest average price have 4 bedrooms, Their price is 16 % more costly than the average. After that we have properties with 2 bedrooms priced at $299,531.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $180 / sq.feet, with an average $205 / sq.feet price in Pittsburgh. The properties with the highest average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 2 bedrooms with a price at $220 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of $381,362 it is 19 % more expensive than the average price in Pittsburgh. "Townhouse" is seen as the second dearest property type. The dearest property type is "Condo" followed by "House". At a price of $501,843 it is 46 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of $124 / sq.feet followed by "Townhouse" priced at $134 / sq.feet. "Condo" is the most costly type of property with a $370 / sq.feet cost followed by "House" with an average price of $185 / sq.feet.