The prices in real estate in Syracuse, in the New York 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 Syracuse has remained the same in the last 6 months. In February, the average price per sq.feet was $68. In March this price pretty much remained the same at a value of $68 per sq.feet. The price for the following two months in (April, May) decreased 89 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 118 % 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 $64.25 to $75.5 during June, and July.
Based upon to the price in Syracuse (cities), this has gone up in the last 6 months. In our first sample month during February, the average price is $107,588. In March This price remains at $109,282. During the following two months (April, May) the average price fell 92 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 145 % 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 $142,175 they are 27 % more affordable than the average price for Syracuse. The properties with the lowest average price have 4 bedrooms, Their price is 20 % cheaper than the average. After that we have properties with 1 bedroom priced at $104,489.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $102 / sq.feet, with an average $79 / sq.feet price in Syracuse. The properties with the highest average prices have 1 bedroom. They are 147 % more expensive than the average followed by properties with 4 bedrooms with a price at $102 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $142,175 it is 28 % cheaper than the average price in Syracuse. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Commercial". At a price of $103,444 it is 20 % more affordable than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Apartment" at an average cost of $102 / sq.feet followed by "Condo" priced at $180 / sq.feet. "Commercial" is the most costly type of property with a $185 / sq.feet cost followed by "Condo" with an average price of $180 / sq.feet.