Property prices for sale in Union City (New Jersey)
The prices in real estate in Union City, in the New Jersey region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Union City has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $584. In the following month the price per sq.feet decreased considerably to $458. The price for the following two months in (May, June) decreased 90 % with regard to the prior two months. The price per sq.feet has decreased 93 % 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 $493.75 to $461 during July, and August.
Based upon to the price in Union City (cities), this has gone downing the last 6 months. The average price for March is $564,209. During April the price had a slight fall till $519,800. During the following two months (May, June) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $523,761.75 and $504,717.5 between July and August.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $531,747 they are 39 % more affordable than the average price for Union City. The properties with the highest average price have 3 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 4 bedrooms priced at $715,529.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $464 / sq.feet, with an average $475 / sq.feet price in Union City. The properties with the highest average prices have 3 bedrooms. They are 6 % more expensive than the average followed by properties with 1 bedroom with a price at $480 / sq.feet.
The graph displaying the average prices displays the property type "Attic" as the most affordable one. At an cost of $531,747 it is 6 % cheaper than the average price in Union City. "Detached House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $587,140 it is 39 % more expensive than the average price.
According to the average cost per sq.feet, the most expensive property type would be "Condo" at an average cost of $476 / sq.feet followed by "Apartment" priced at $495 / sq.feet. "Detached House" is the most costly type of property with a $3,388 / sq.feet cost followed by "Attic" with an average price of $3,368 / sq.feet.
