Property prices for sale in Scotch Plains (New Jersey)

The prices in real estate in Scotch Plains, 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.

$858,808.4
Average price last 6 months
$954.2
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Scotch Plains has increased strongly during the last 6 months. In January, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $3,560. The price for the following two months in (March, April) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 30 % 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 $1,039.25 to $307 during May, and June.

Average price

Based upon to the price in Scotch Plains (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is . During February the price went through a considerable rise reaching $1,011,980. During the following two months (March, April) the average price had a considerable increase of 158 % 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.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $896,197 they are 32 % more affordable than the average price for Scotch Plains. The properties with the lowest average price have 1 bedroom, Their price is 11 % cheaper than the average. After that we have properties with 2 bedrooms priced at $606,036.

With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $2,143 / sq.feet, with an average $316 / sq.feet price in Scotch Plains. The properties with the highest average prices have 2 bedrooms. They are 3192 % more expensive than the average followed by properties with 1 bedroom with a price at $2,143 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $896,197 it is 43 % cheaper than the average price in Scotch Plains. "Office" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $512,262 it is 32 % more affordable than the average price.

According to the average cost per sq.feet, the most expensive property type would be "House" at an average cost of $10,404 / sq.feet followed by "Land" priced at $19,155 / sq.feet. "Office" is the most costly type of property with a $19,295 / sq.feet cost followed by "Land" with an average price of $19,155 / sq.feet.

Charts data
Average price June
Average price per sq.feet June
Number of properties used in Scotch Plains
Number of properties used in region New Jersey
$896,197
$316
162
253,594
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value