The prices in real estate in Upper Marlboro, in the Maryland 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 Upper Marlboro has increased strongly during the last 6 months. In March, the average price per sq.feet was $205. In the following month the price per sq.feet increased considerably to $2,172. The price for the following two months in (May, June) had a considerable increment of 196 %. The price per sq.feet has had a considerable deflation of 17 % 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 $1,756.5 to $290.5 during July, and August.
Based upon to the price in Upper Marlboro (cities), this has gone up in the last 6 months. In our first sample month during March, the average price is $367,449. In April This price remains at $356,910. During the following two months (May, June) the price has had an average incrementation from $362,179.5 to $400,601.5. Based on an analysis of the first four prices and the last two months the average price has gone up 111 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 2 bedrooms are the cheapest ones. At a price of $445,038 they are 37 % more affordable than the average price for Upper Marlboro. The properties with the highest average price have 4 bedrooms, Their price is 3 % more costly than the average. After that we have properties with 3 bedrooms priced at $386,924.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $179 / sq.feet, with an average $356 / sq.feet price in Upper Marlboro. The properties with the highest average prices have 4 bedrooms. They are 235 % more expensive than the average followed by properties with 1 bedroom with a price at $231 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of $445,038 it is 61 % cheaper than the average price in Upper Marlboro. "Condo" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of $485,040 it is 234 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $175 / sq.feet followed by "Townhouse" priced at $183 / sq.feet. "Farm" is the most costly type of property with a $851 / sq.feet cost followed by "House" with an average price of $419 / sq.feet.