The prices in real estate in Upper Marlboro, in the Maryland region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Upper Marlboro has increased during the last 6 months. In October, the average price per sq.feet was $166. In November this price pretty much remained the same at a value of $163 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $164.5 to $167 per sq.feet. The price per sq.feet has had a considerable increase of 122 % 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 $165.75 to $201.5 during February, and March.
Based upon to the price in Upper Marlboro (cities), this has gone downing the last 6 months. The average price for October is $435,478. During November the price had a slight fall till $395,500. In the following two months the average price has remained the same with regard to the previous two months from $415,489 to $395,240.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from $405,364.75 to $367,913 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $367,449 they are 78 % more affordable than the average price for Upper Marlboro. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $351,053.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $76 / sq.feet, with an average $205 / sq.feet price in Upper Marlboro. The properties with the lowest average prices have 2 bedrooms. They are 9 % cheaper than the average followed by properties with 3 bedrooms with a price at $179 / sq.feet.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of $367,449 it is 36 % cheaper than the average price in Upper Marlboro. "Condo" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Townhouse". At a price of $453,480 it is 30 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Farm" at an average cost of $144 / sq.feet followed by "House" priced at $150 / sq.feet. "Apartment" is the cheapest type of property with a $172 / sq.feet value followed by "Townhouse" with an average price of $171 / sq.feet.