Property prices for sale in South River (New Jersey)
The prices in real estate in South River, 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 River has increased during the last 6 months. In October, the average price per sq.feet was $276. In November this price pretty much remained the same at a value of $277 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $276.5 to $280 per sq.feet. The price per sq.feet has increased 115 % 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 $278.25 to $319 during February, and March.
Based upon to the price in South River (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $441,993. In November This price remains at $425,773. In the following two months the average price has remained the same with regard to the previous two months from $433,883 to $421,527.5. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $446,810 they are 45 % more affordable than the average price for South River. The properties with the lowest average price have 1 bedroom, Their price is 44 % cheaper than the average. After that we have properties with 2 bedrooms priced at $248,152.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $81 / sq.feet, with an average $332 / sq.feet price in South River. The properties with the lowest average prices have 1 bedroom. They are 68 % cheaper than the average followed by properties with 2 bedrooms with a price at $91 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $446,810 it is 45 % cheaper than the average price in South River. "Apartment" is seen as the second most affordable property type. The cheapest type property is "Condo" followed by "Detached House". At a price of $329,171 it is 25 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $80 / sq.feet followed by "Apartment" priced at $81 / sq.feet. "Condo" is the most costly type of property with a $9,873 / sq.feet cost followed by "Detached House" with an average price of $3,916 / sq.feet.
