Property prices for sale in Springfield (Massachusetts)
The prices in real estate in Springfield, 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 Springfield has remained the same in the last 6 months. In November, the average price per sq.feet was $169. In December this price pretty much remained the same at a value of $172 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $170.5 to $166 per sq.feet. The price per sq.feet has increased 112 % 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 $168.25 to $188 during March, and April.
Based upon to the price in Springfield (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $295,906. In December This price remains at $301,508. In the following two months the average price has remained the same with regard to the previous two months from $298,707 to $308,440.5. 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 1 bedroom are the cheapest ones. At a price of $330,406 they are 68 % more affordable than the average price for Springfield. The properties with the lowest average price have 4 bedrooms, Their price is 2 % cheaper than the average. After that we have properties with 3 bedrooms priced at $279,989.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $183 / sq.feet, with an average $190 / sq.feet price in Springfield. The properties with the highest average prices have 1 bedroom. They are 35 % more expensive than the average followed by properties with 2 bedrooms with a price at $245 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $330,406 it is 59 % cheaper than the average price in Springfield. "House" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "Apartment". At a price of $296,029 it is 26 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Duplex" at an average cost of $169 / sq.feet followed by "Apartment" priced at $170 / sq.feet. "Commercial" is the most costly type of property with a $623 / sq.feet cost followed by "House" with an average price of $245 / sq.feet.
