The average price in the Maryland region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Maryland has risen considerably in the last 6 months. During July, the average price per sq.feet was $230. The following month (August) the price had a considerable deflation reaching $179 per sq.feet. The following two months (September, October) there has been a deflation of 89 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of $193 to $198.5 during November and December.
Based upon to the price in Maryland(region), these have remained the same in the last 6 months. July has an average price of $378,803. During August the price had a slight deflation till $355,369. In the following two months the average price didn't change much compared to the previous two going from $367,086 to $378,202.5. During the last two months the average price has remained stagnant and has gone from $372,644.25 to $363,639 during November and December.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 44 % more affordable than the average price in Maryland followed by those with 2 with an average price of $218,172. The most costly properties have 4 bedrooms. They are 32 % more expensive than the average followed by those properties with 3 bedrooms priced at $310,812.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $176 / sq.feet being $190 / sq.feet the average value within the Maryland region. The properties with the most expensive average price are those with 1 bedroom. These are 17 % more costly than the average followed by those with 4 bedrooms with a price of $193 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $348,659 it is 15 % more affordable than the average in Maryland. This is followed by "Townhouse" with a price of $338,742. The dearest property type is "Land" and is 163 % more expensive than the average, followed by "House" with a cost of $551,600.
Based on the average cost per sq.feet the cheapest property type is "Detached House with a an average cost of $179 / sq.feet, followed by "Townhouse" with a price of $181 / sq.feet. "Land" with an average price of $828 / sq.feet is the most costly type of property followed by "Condo" at a price of $241 / sq.feet.