Property prices for sale in Somerville (Massachusetts)
The prices in real estate in Somerville, in the Massachusetts region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.feet in Somerville has remained the same in the last 6 months. In November, the average price per sq.feet was $610. In December this price pretty much remained the same at a value of $586 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $598 to $633 per sq.feet. The price per sq.feet has increased 108 % 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 $615.5 to $666.5 during March, and April.
Based upon to the price in Somerville (cities), these have remained the same in the last 6 months. The price in November is $1,207,913, rising in December till $1,338,101. In the following two months the average price has remained the same with regard to the previous two months from $1,273,007 to $1,264,813. 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 $1,268,910 and $1,225,388.5 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 $1,267,209 they are 59 % more affordable than the average price for Somerville. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,320,608.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $634 / sq.feet, with an average $684 / sq.feet price in Somerville. The properties with the highest average prices have 2 bedrooms. They are 17 % more expensive than the average followed by properties with 3 bedrooms with a price at $699 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $1,267,209 it is 48 % cheaper than the average price in Somerville. "Triplex" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $1,116,800 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Triplex" at an average cost of $493 / sq.feet followed by "House" priced at $570 / sq.feet. "Townhouse" is the most costly type of property with a $847 / sq.feet cost followed by "Condo" with an average price of $741 / sq.feet.
