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 minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Union City has fallen in the last 6 months. In October, the average price per sq.feet was $565. In the following month the price per sq.feet decreased to $492. The price for the following two months in (December, January) decreased 90 % with regard to the prior two months. The price per sq.feet has increased 108 % 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 $501.75 to $540.5 during February, and March.
Based upon to the price in Union City (cities), these have remained the same in the last 6 months. The price in October is $528,120, rising in November till $586,432. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 105 % 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 $564,209 they are 38 % more affordable than the average price for Union City. The properties with the highest average price have 4 bedrooms, Their price is 61 % more costly than the average. After that we have properties with 3 bedrooms priced at $795,141.
With regard to the average price per sq.feet , those properties with 2 bedrooms are the cheapest ones at a cost of $525 / sq.feet, with an average $584 / sq.feet price in Union City. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 4 bedrooms with a price at $741 / sq.feet.
The graph displaying the average prices displays the property type "Attic" as the most affordable one. At an cost of $564,209 it is 11 % 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 $589,492 it is 6 % 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 $346 / sq.feet followed by "Apartment" priced at $518 / sq.feet. "Detached House" is the most costly type of property with a $3,408 / sq.feet cost followed by "Attic" with an average price of $3,388 / sq.feet.
