The prices in real estate in Rogersville, in the Tennessee 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 Rogersville has increased strongly during the last 6 months. In April, the average price per sq.feet was $490. In the following month the price per sq.feet increased considerably to $1,056. In the following two months the price per sq.feet has barely changed, going from $773 to $805 per sq.feet. The price per sq.feet has had a considerable deflation of 21 % 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 $789 to $163.5 during August, and September.
Based upon to the price in Rogersville (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $836,789. In May This price remains at $796,980. During the following two months (June, July) the average price fell 91 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $779,418.75 to $395,616.5, which means a 51 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 3 bedrooms are the cheapest ones. At a price of $422,877 they are 76 % more affordable than the average price for Rogersville. The properties with the lowest average price have 1 bedroom, Their price is 76 % cheaper than the average. After that we have properties with 3 bedrooms priced at $99,928.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $293 / sq.feet, with an average $170 / sq.feet price in Rogersville. The properties with the highest average prices have 1 bedroom. They are 75 % more expensive than the average followed by properties with 3 bedrooms with a price at $293 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $422,877 it is 76 % cheaper than the average price in Rogersville. "Farm" is seen as the second most affordable property type. The cheapest type property is "Office" followed by "Townhouse". At a price of $120,400 it is 55 % 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 $57 / sq.feet followed by "Land" priced at $293 / sq.feet. "Townhouse" is the most costly type of property with a $715 / sq.feet cost followed by "Office" with an average price of $378 / sq.feet.