The prices in real estate in Salem, in the Connecticut 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 Salem has increased during the last 6 months. In November, the average price per sq.feet was $159. In December this price pretty much remained the same at a value of $166 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $162.5 to $170.5 per sq.feet. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $166.5 to $164.5 during March y April
Based upon to the price in Salem (cities), this has gone up in the last 6 months. The price in November is $300,371, rising in December till $328,790. During the following two months (January, February) the price has had an average incrementation from $314,580.5 to $347,453. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $331,016.75 and $324,188 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $320,517 they are 80 % more affordable than the average price for Salem. The properties with the highest average price have 3 bedrooms, Their price is 11 % more costly than the average. After that we have properties with 4 bedrooms priced at $342,914.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $93 / sq.feet, with an average $159 / sq.feet price in Salem. The properties with the highest average prices have 2 bedrooms. They are 136 % more expensive than the average followed by properties with 3 bedrooms with a price at $193 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $320,517 it is 18 % cheaper than the average price in Salem. "Condo" is seen as the second most affordable property type. The dearest property type is "Condo" followed by "House". At a price of $261,593 it is 58 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $104 / sq.feet followed by "House" priced at $144 / sq.feet. "House" is the cheapest type of property with a $144 / sq.feet value followed by "Condo" with an average price of $104 / sq.feet.