The prices in real estate in Worcester, in the Massachusetts 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 Worcester has increased during the last 6 months. In November, the average price per sq.feet was $166. In December this price pretty much remained the same at a value of $169 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $167.5 to $172.5 per sq.feet. The price per sq.feet has increased 110 % 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 $170 to $186.5 during March, and April.
Based upon to the price in Worcester (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $347,682. In December This price remains at $346,208. In the following two months the average price has remained the same with regard to the previous two months from $346,945 to $356,855.5. 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 $351,900.25 and $355,214.5 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 $360,230 they are 56 % more affordable than the average price for Worcester. The properties with the highest average price have 4 bedrooms, Their price is 6 % more costly than the average. After that we have properties with 3 bedrooms priced at $317,356.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the most costly ones at a cost of $194 / sq.feet, with an average $187 / sq.feet price in Worcester. The properties with the highest average prices have 1 bedroom. They are 29 % more expensive than the average followed by properties with 3 bedrooms with a price at $216 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $360,230 it is 41 % cheaper than the average price in Worcester. "Villa" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Office". At a price of $242,047 it is 4 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $165 / sq.feet followed by "House" priced at $217 / sq.feet. "Office" is the most costly type of property with a $828 / sq.feet cost followed by "Villa" with an average price of $823 / sq.feet.