The prices in real estate in Roselle Park, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Roselle Park has had a strong decrease during the last 6 months. In January, the average price per sq.feet was $16,280. In the following month the price per sq.feet decreased considerably to $203. In the following two months the price per sq.feet has barely changed, going from $8,241.5 to $8,233 per sq.feet. The price per sq.feet has had a considerable increase of 197 % 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 $8,237.25 to $16,263 during May, and June.
Based upon to the price in Roselle Park (cities), this has gone up in the last 6 months. The average price during our first sample month during January, is $268,083. During February the price went through a considerable rise reaching $338,827. In the following two months the average price has remained the same with regard to the previous two months from $303,455 to $303,320.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from $303,387.75 to $267,814 in May and June.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $267,814 they are 22 % more affordable than the average price for Roselle Park. The properties with the lowest average price have 3 bedrooms, Their price is 4 % cheaper than the average. After that we have properties with 1 bedroom priced at $210,544.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $106 / sq.feet, with an average $16,263 / sq.feet price in Roselle Park. The properties with the highest average prices have 3 bedrooms. They are 54 % more expensive than the average followed by properties with 1 bedroom with a price at $112 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $267,814 it is 22 % cheaper than the average price in Roselle Park. "Apartment" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $209,281 it is 5 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $106 / sq.feet followed by "Apartment" priced at $19,672 / sq.feet. "Apartment" is the most costly type of property with a $19,672 / sq.feet cost followed by "House" with an average price of $106 / sq.feet.