Property prices for sale in Union (New Jersey)
The prices in real estate in Union, in the New Jersey 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 Union has increased strongly during the last 6 months. In October, the average price per sq.feet was $414. In November this price pretty much remained the same at a value of $411 per sq.feet. The price for the following two months in (December, January) had a considerable increment of 120 %. The price per sq.feet has increased 111 % 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 $453.5 to $503 during February, and March.
Based upon to the price in Union (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is $552,765. In November This price remains at $533,494. During the following two months (December, January) the price has had an average incrementation from $543,129.5 to $599,237.5. Based on an analysis of the first four prices and the last two months the average price has gone up 112 % 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 $673,667 they are 79 % more affordable than the average price for Union. The properties with the lowest average price have 4 bedrooms, Their price is 10 % cheaper than the average. After that we have properties with 3 bedrooms priced at $494,979.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $282 / sq.feet, with an average $497 / sq.feet price in Union. The properties with the lowest average prices have 3 bedrooms. They are 12 % cheaper than the average followed by properties with 4 bedrooms with a price at $437 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $673,667 it is 70 % cheaper than the average price in Union. "Office" is seen as the second most affordable property type. The cheapest type property is "Apartment" followed by "Townhouse". At a price of $291,008 it is 17 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $266 / sq.feet followed by "Apartment" priced at $433 / sq.feet. "Condo" is the most costly type of property with a $17,954 / sq.feet cost followed by "Townhouse" with an average price of $17,179 / sq.feet.
