Property prices for sale in Sneedville (Tennessee)
The prices in real estate in Sneedville, 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 Sneedville has increased strongly during the last 6 months. In November, the average price per sq.feet was $254. In the following month the price per sq.feet increased considerably to $493. The price for the following two months in (January, February) had a considerable increment of 367 %. The price per sq.feet has had a considerable increase of 184 % 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 $873 to $1,610.5 during March, and April.
Based upon to the price in Sneedville (cities), these have remained the same in the last 6 months. The price in November is $321,396, rising in December till $339,395. During the following two months (January, February) the price has had an average incrementation from $330,395.5 to $376,225. During the last two months the average price has had a strong fall compared to the previous four going from $353,310.25 to $290,145.5, which means a 82 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $297,426 they are 18 % more affordable than the average price for Sneedville. The properties with the highest average price have 3 bedrooms, Their price is 28 % more costly than the average. After that we have properties with 4 bedrooms priced at $323,225.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $146 / sq.feet, with an average $536 / sq.feet price in Sneedville. The properties with the lowest average prices have 1 bedroom. They are 12 % cheaper than the average followed by properties with 2 bedrooms with a price at $263 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $297,426 it is 52 % cheaper than the average price in Sneedville. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $142,583 it is 16 % 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 $245 / sq.feet followed by "Land" priced at $5,428 / sq.feet. "Land" is the most costly type of property with a $5,428 / sq.feet cost followed by "House" with an average price of $245 / sq.feet.
