The prices in real estate in Roselle Park, in the New Jersey 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 Roselle Park has increased strongly during the last 6 months. In May, the average price per sq.feet was $16,263. In June this price pretty much remained the same at a value of $16,263 per sq.feet. The price for the following two months in (July, August) had a considerable increment of 134 %. The price per sq.feet has had a considerable increase of 137 % 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 $19,043.25 to $26,173 during September, and October.
Based upon to the price in Roselle Park (cities), this has gone up considerably in the last 6 months. In our first sample month during May, the average price is $267,814. In June This price remains at $267,814. During the following two months (July, August) the average price had a considerable increase of 134 % 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 129 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $384,800 they are 46 % more affordable than the average price for Roselle Park. The properties with the lowest average price have 3 bedrooms, Their price is 33 % cheaper than the average. After that we have properties with 1 bedroom priced at $210,333.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $102 / sq.feet, with an average $15,633 / sq.feet price in Roselle Park. The properties with the highest average prices have 3 bedrooms. They are 60 % more expensive than the average followed by properties with 1 bedroom with a price at $111 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $384,800 it is 46 % cheaper than the average price in Roselle Park. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "House". At a price of $208,443 it is 27 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $102 / sq.feet followed by "Apartment" priced at $19,592 / sq.feet. "Apartment" is the most costly type of property with a $19,592 / sq.feet cost followed by "House" with an average price of $102 / sq.feet.