Property prices for sale in South Orange (New Jersey)
The prices in real estate in South Orange, 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 South Orange has increased during the last 6 months. In November, the average price per sq.feet was $289. In the following month the price per sq.feet increased considerably to $339. In the following two months the price per sq.feet has increased 107 %, going from $314 to $335 per sq.feet. The price per sq.feet has decreased 90 % 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 $324.5 to $291 during March, and April.
Based upon to the price in South Orange (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $557,875. During December the price went through a considerable rise reaching $795,486. During the following two months (January, February) the average price had a considerable increase of 138 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 85 %, going from $806,118 to $688,321.5 in March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $656,143 they are 4 % more affordable than the average price for South Orange. The properties with the highest average price have 1 bedroom, Their price is 1 % more costly than the average. After that we have properties with 2 bedrooms priced at $639,609.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $23,705 / sq.feet, with an average $301 / sq.feet price in South Orange. The properties with the highest average prices have 1 bedroom. They are 9238 % more expensive than the average followed by properties with 2 bedrooms with a price at $24,193 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $656,143 it is 14 % cheaper than the average price in South Orange. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Duplex" followed by "Apartment". At a price of $626,928 it is 2 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $4,350 / sq.feet followed by "Duplex" priced at $20,987 / sq.feet. "Apartment" is the most costly type of property with a $23,705 / sq.feet cost followed by "Duplex" with an average price of $20,987 / sq.feet.
