The average price in the Maryland region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Maryland has increased strongly in the last 6 months. During March, the average price per sq.feet was $180. The following month (April) the price had a considerable increase reaching $495 per sq.feet. In the following two months (May, June) the price per sq.feet has risen strongly to a 276 %. In the last two months, the price per sq.feet has had a significant decrease of 32 %. This has been obtained by comparing the price of $634.25 for the first four months of the sample with regard to the previous 4 months and the price of $204.5 per sq.feet for the last two months (July, August).
Based upon to the price in Maryland(region), this has increased considerably in the last 6 months. The average price in March is $370,965. In April the price increased to $419,875. The price in the following months (May, June) had a strong increment of 127 % going from $395,420 to $501,057. During the last two months the price has had a considerable reduction of 82 % with respect to the previous four months going from $448,238.5 a $367,086.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 50 % more affordable than the average price in Maryland followed by those with 2 with an average price of $284,635. The most costly properties have 4 bedrooms. They are 35 % more expensive than the average followed by those properties with 3 bedrooms priced at $394,191.
Based on the average price per sq.feet those properties with 1 bedroom are the cheapest ones with a price of $160 / sq.feet being $179 / sq.feet the average value within the Maryland region. The properties with the most expensive average price are those with 2 bedrooms. These are 17 % more costly than the average followed by those with 3 bedrooms with a price of $200 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $355,369 it is 60 % more affordable than the average in Maryland. This is followed by "Apartment" with a price of $291,573. The dearest property type is "Farm" and is 110 % more expensive than the average, followed by "House" with a cost of $419,327.
Based on the average cost per sq.feet the most costly property type is "House with a an average price of $187 / sq.feet, followed by "Condo" with a price of $189 / sq.feet. "Land" with an average price of $639 / sq.feet is the most costly type of property followed by "Farm" at a price of $465 / sq.feet.