Property prices for sale in Rahway (New Jersey)
The prices in real estate in Rahway, in the New Jersey 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 Rahway has increased during the last 6 months. In October, the average price per sq.feet was $294. In the following month the price per sq.feet increased to $312. In the following two months the price per sq.feet has increased 110 %, going from $303 to $334.5 per sq.feet. The price per sq.feet has decreased 91 % 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 $318.75 to $290.5 during February, and March.
Based upon to the price in Rahway (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is $452,934. In November This price remains at $438,196. During the following two months (December, January) the price has had an average incrementation from $445,565 to $485,133. Based on an analysis of the first four prices and the last two months the average price has risen strongly 131 % 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 $552,175 they are 94 % more affordable than the average price for Rahway. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $412,087.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $49 / sq.feet, with an average $304 / sq.feet price in Rahway. The properties with the highest average prices have 4 bedrooms. They are 31 % more expensive than the average followed by properties with 3 bedrooms with a price at $316 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $552,175 it is 74 % cheaper than the average price in Rahway. "Duplex" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Detached House". At a price of $487,424 it is 10 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $259 / sq.feet followed by "Condo" priced at $299 / sq.feet. "Duplex" is the most costly type of property with a $1,129 / sq.feet cost followed by "Townhouse" with an average price of $1,111 / sq.feet.
