The prices in real estate in State College, in the Pennsylvania 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 State College has remained the same in the last 6 months. In March, the average price per sq.feet was $183. In April this price pretty much remained the same at a value of $189 per sq.feet. In the following two months the price per sq.feet has increased 106 %, going from $186 to $197.5 per sq.feet. The price per sq.feet has decreased 92 % 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 $191.75 to $176 during July, and August.
Based upon to the price in State College (cities), this has gone up considerably in the last 6 months. The price in March is $390,857, rising in April till $440,136. During the following two months (May, June) the average price had a considerable increase of 131 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $478,913.75 to $377,928.5, which means a 79 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $392,095 they are 42 % more affordable than the average price for State College. The properties with the highest average price have 4 bedrooms, Their price is 20 % more costly than the average. After that we have properties with 3 bedrooms priced at $402,122.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $159 / sq.feet, with an average $182 / sq.feet price in State College. The properties with the highest average prices have 1 bedroom. They are 63 % more expensive than the average followed by properties with 2 bedrooms with a price at $190 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $392,095 it is 31 % cheaper than the average price in State College. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $352,141 it is 15 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Office" at an average cost of $104 / sq.feet followed by "Apartment" priced at $149 / sq.feet. "Condo" is the most costly type of property with a $211 / sq.feet cost followed by "House" with an average price of $173 / sq.feet.