The prices in real estate in Woonsocket, in the Rhode Island 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 Woonsocket has increased strongly during the last 6 months. In November, the average price per sq.feet was $174. In December this price pretty much remained the same at a value of $167 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 171 %. The price per sq.feet has had a considerable increase of 245 % 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 $231.25 to $566.5 during March, and April.
Based upon to the price in Woonsocket (cities), this has gone up in the last 6 months. The price in November is $439,972, rising in December till $475,631. In the following two months the average price has remained the same with regard to the previous two months from $457,801.5 to $465,426. 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 $461,613.75 and $466,848 between March and April.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $479,430 they are 41 % more affordable than the average price for Woonsocket. The properties with the highest average price have 4 bedrooms, Their price is 8 % more costly than the average. After that we have properties with 3 bedrooms priced at $379,247.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the most costly ones at a cost of $186 / sq.feet, with an average $185 / sq.feet price in Woonsocket. The properties with the highest average prices have 1 bedroom. They are 38 % more expensive than the average followed by properties with 2 bedrooms with a price at $218 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $479,430 it is 47 % cheaper than the average price in Woonsocket. "Land" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Apartment". At a price of $486,114 it is 32 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $123 / sq.feet followed by "Apartment" priced at $152 / sq.feet. "Land" is the most costly type of property with a $38,120 / sq.feet cost followed by "Condo" with an average price of $267 / sq.feet.