Property prices for sale in Somers Point (New Jersey)

The prices in real estate in Somers Point, in the New Jersey 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.

$452,753.67
Average price last 6 months
$187.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Somers Point has increased during the last 6 months. In July, the average price per sq.feet was $170. In the following month the price per sq.feet increased considerably to $197. In the following two months the price per sq.feet has barely changed, going from $183.5 to $177.5 per sq.feet. The price per sq.feet has increased 112 % 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 $180.5 to $202.5 during November, and December.

Average price

Based upon to the price in Somers Point (cities), this has fallen considerably in the last 6 months. The average price for July is $974,800. During August the price had a considerable reduction till $393,675. During the following two months (September, October) the average price had a considerable reduction of 47 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $502,512 to $353,237, which means a 70 % fall.

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 $373,667 they are 39 % more affordable than the average price for Somers Point. The properties with the lowest average price have 1 bedroom, Their price is 38 % cheaper than the average. After that we have properties with 2 bedrooms priced at $229,325.

With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $105 / sq.feet, with an average $211 / sq.feet price in Somers Point. The properties with the lowest average prices have 1 bedroom. They are 48 % cheaper than the average followed by properties with 2 bedrooms with a price at $105 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $373,667 it is 39 % cheaper than the average price in Somers Point. "Detached House" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "Apartment". At a price of $229,325 it is 9 % more affordable than the average price.

According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $105 / sq.feet followed by "Detached House" priced at $111 / sq.feet. "Detached House" is the cheapest type of property with a $111 / sq.feet value followed by "Apartment" with an average price of $105 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in Somers Point
Number of properties used in region New Jersey
$373,667
$211
244
246,544
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value