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.
The price per sq.feet in Somers Point has increased during the last 6 months. In October, the average price per sq.feet was $286. In the following month the price per sq.feet increased to $323. In the following two months the price per sq.feet has barely changed, going from $304.5 to $316 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 $310.25 to $303 during February y March
Based upon to the price in Somers Point (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $521,632. In November This price remains at $500,827. In the following two months the average price has remained the same with regard to the previous two months from $511,229.5 to $506,079.5. 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 $508,654.5 and $512,603.5 between February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $504,993 they are 66 % more affordable than the average price for Somers Point. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $338,976.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $175 / sq.feet, with an average $285 / sq.feet price in Somers Point. The properties with the lowest average prices have 2 bedrooms. They are 23 % cheaper than the average followed by properties with 1 bedroom with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Townhouse" as the most affordable one. At an cost of $504,993 it is 56 % cheaper than the average price in Somers Point. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Detached House" followed by "Apartment". At a price of $221,639 it is 36 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $66 / sq.feet followed by "Apartment" priced at $71 / sq.feet. "Detached House" is the cheapest type of property with a $72 / sq.feet value followed by "Apartment" with an average price of $71 / sq.feet.
