The prices in real estate in Rock Hall, in the Maryland 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 Rock Hall has increased strongly during the last 6 months. In April, the average price per sq.feet was $354. In the following month the price per sq.feet increased considerably to $476. The price for the following two months in (June, July) had a considerable increment of 126 %. The price per sq.feet has had a considerable deflation of 65 % 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 $468 to $305 during August, and September.
Based upon to the price in Rock Hall (cities), this has fallen considerably in the last 6 months. The average price for April is $2,202,225. During May the price had a considerable reduction till $1,870,475. During the following two months (June, July) the price has had an average incrementation from $2,036,350 to $2,185,277. During the last two months the average price has had a strong fall compared to the previous four going from $2,110,813.5 to $978,961.5, which means a 46 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $1,161,850 they are 85 % more affordable than the average price for Rock Hall. The properties with the highest average price have 4 bedrooms, Their price is 19 % more costly than the average. After that we have properties with 3 bedrooms priced at $494,334.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $166 / sq.feet, with an average $320 / sq.feet price in Rock Hall. The properties with the highest average prices have 4 bedrooms. They are 5 % more expensive than the average followed by properties with 3 bedrooms with a price at $203 / sq.feet.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of $1,161,850 it is 61 % cheaper than the average price in Rock Hall. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Farm". At a price of $457,347 it is 35 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $173 / sq.feet followed by "House" priced at $267 / sq.feet. "House" is the cheapest type of property with a $267 / sq.feet value followed by "Farm" with an average price of $173 / sq.feet.