Property prices for sale in Troy (Alabama)
The prices in real estate in Troy, in the Alabama 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 Troy has increased strongly during the last 6 months. In October, the average price per sq.feet was $147. In the following month the price per sq.feet increased to $156. The price for the following two months in (December, January) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable increase of 290 % 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 $147.25 to $426.5 during February, and March.
Based upon to the price in Troy (cities), this has gone up considerably in the last 6 months. The price in October is $257,960, rising in November till $285,271. During the following two months (December, January) the average price had a considerable increase of 116 % 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 gone up 108 % 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 $321,517 they are 47 % more affordable than the average price for Troy. The properties with the lowest average price have 4 bedrooms, Their price is 12 % cheaper than the average. After that we have properties with 3 bedrooms priced at $233,797.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $112 / sq.feet, with an average $713 / sq.feet price in Troy. The properties with the lowest average prices have 3 bedrooms. They are 81 % cheaper than the average followed by properties with 1 bedroom with a price at $131 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $321,517 it is 21 % cheaper than the average price in Troy. "Detached House" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Detached House". At a price of $390,805 it is 68 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $131 / sq.feet followed by "Detached House" priced at $132 / sq.feet. "Land" is the most costly type of property with a $109,535 / sq.feet cost followed by "Detached House" with an average price of $132 / sq.feet.
