Property prices for sale in South Pittsburg (Tennessee)
The prices in real estate in South Pittsburg, in the Tennessee region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in South Pittsburg has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,073. In the following month the price per sq.feet decreased considerably to $4,988. The price for the following two months in (January, February) had a considerable decrease of 60 with regard to the prior two months. The price per sq.feet has had a considerable increase of 130 % 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 $4,417 to $5,733.5 during March, and April.
Based upon to the price in South Pittsburg (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is $293,772. In December This price remains at $286,798. In the following two months the average price has remained the same with regard to the previous two months from $290,285 to $293,185. During the last two months the average price has had a strong fall compared to the previous four going from $291,735 to $237,306, which means a 81 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $232,115 they are 56 % more affordable than the average price for South Pittsburg. The properties with the highest average price have 4 bedrooms, Their price is 64 % more costly than the average. After that we have properties with 3 bedrooms priced at $352,755.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $79 / sq.feet, with an average $4,720 / sq.feet price in South Pittsburg. The properties with the lowest average prices have 2 bedrooms. They are 96 % cheaper than the average followed by properties with 4 bedrooms with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $232,115 it is 65 % cheaper than the average price in South Pittsburg. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of $82,250 it is 38 % 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 $162 / sq.feet followed by "Land" priced at $15,209 / sq.feet. "Land" is the most costly type of property with a $15,209 / sq.feet cost followed by "House" with an average price of $162 / sq.feet.
