Property prices for sale in Wood Ridge (New Jersey)
The prices in real estate in Wood Ridge, in the New Jersey 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 Wood Ridge has increased during the last 6 months. In October, the average price per sq.feet was $381. In the following month the price per sq.feet increased considerably to $501. In the following two months the price per sq.feet has barely changed, going from $441 to $430 per sq.feet. The price per sq.feet has had a considerable deflation of 84 % 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 $435.5 to $367.5 during February, and March.
Based upon to the price in Wood Ridge (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $737,363. During November the price went through a considerable rise reaching $998,800. In the following two months the average price has remained the same with regard to the previous two months from $868,081.5 to $825,074.5. During the last two months the average price has had a strong fall compared to the previous four going from $846,578 to $680,598.5, which means a 80 % fall.
The graph displaying the average price for bedrooms illustrates that those properties with 4 bedrooms are the cheapest ones. At a price of $690,530 they are 23 % more affordable than the average price for Wood Ridge. The properties with the lowest average price have 1 bedroom, Their price is 8 % cheaper than the average. After that we have properties with 2 bedrooms priced at $553,492.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $240 / sq.feet, with an average $438 / sq.feet price in Wood Ridge. The properties with the highest average prices have 2 bedrooms. They are 1939 % more expensive than the average followed by properties with 3 bedrooms with a price at $8,795 / sq.feet.
The graph displaying the average prices displays the property type "Detached House" as the most affordable one. At an cost of $690,530 it is 29 % cheaper than the average price in Wood Ridge. "House" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of $529,104 it is 16 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Detached House" at an average cost of $222 / sq.feet followed by "Commercial" priced at $254 / sq.feet. "House" is the most costly type of property with a $8,525 / sq.feet cost followed by "Commercial" with an average price of $254 / sq.feet.
