The prices in real estate in Suitland, in the Maryland region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Suitland has increased strongly during the last 6 months. In April, the average price per sq.feet was $180. In May this price pretty much remained the same at a value of $181 per sq.feet. The price for the following two months in (June, July) had a considerable increment of 178 %. The price per sq.feet has had a considerable increase of 117 % 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 $251.25 to $295 during August, and September.
Based upon to the price in Suitland (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $383,190. In May This price remains at $385,390. During the following two months (June, July) the average price fell 87 % 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 91 %, going from $358,364.5 to $326,721 in August and September.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $333,264 they are 47 % more affordable than the average price for Suitland. The properties with the highest average price have 4 bedrooms, Their price is 14 % more costly than the average. After that we have properties with 1 bedroom priced at $175,573.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $196 / sq.feet, with an average $414 / sq.feet price in Suitland. The properties with the highest average prices have 1 bedroom. They are 1341 % more expensive than the average followed by properties with 4 bedrooms with a price at $196 / sq.feet.
The graph displaying the average prices displays the property type "Duplex" as the most affordable one. At an cost of $333,264 it is 52 % cheaper than the average price in Suitland. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Condo". At a price of $213,342 it is 7 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $120 / sq.feet followed by "Condo" priced at $144 / sq.feet. "Duplex" is the cheapest type of property with a $406 / sq.feet value followed by "House" with an average price of $187 / sq.feet.