The average price in the Massachusetts 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 Massachusetts has increased strongly in the last 6 months. During April, the average price per sq.feet was $389. The following month (May) the price had a considerable increase reaching $1,435 per sq.feet. The following two months (June, July) went through a considerable deflation of 54 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant decrease of 53 %. This has been obtained by comparing the price of $701.5 for the first four months of the sample with regard to the previous 4 months and the price of $375 per sq.feet for the last two months (August, September).
Based upon to the price in Massachusetts(region), these have remained the same in the last 6 months. In the first month sample for April the average price is $735,521. During May it went through a strong inflation reaching $852,315 In the following two months the average price didn't change much compared to the previous two going from $793,918 to $789,568. During the last two months the price has reduced 87 % compared to the previous average values going from $791,743 a $689,724 in August and September.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 47 % more affordable than the average price in Massachusetts followed by those with 2 with an average price of $442,514. The most costly properties have 4 bedrooms. They are 33 % more expensive than the average followed by those properties with 3 bedrooms priced at $664,910.
Based on the average price per sq.feet those properties with 2 bedrooms are the cheapest ones with a price of $294 / sq.feet being $396 / sq.feet the average value within the Massachusetts region. The properties with the most expensive average price are those with 4 bedrooms. These are 11 % more costly than the average followed by those with 1 bedroom with a price of $406 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $735,744 it is 63 % more affordable than the average in Massachusetts. This is followed by "Commercial" with a price of $509,983. The dearest property type is "Apartment" and is 74 % more expensive than the average, followed by "Townhouse" with a cost of $839,732.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $388 / sq.feet, followed by "Townhouse" with a price of $417 / sq.feet. "Commercial" with an average price of $28,350 / sq.feet is the most costly type of property followed by "Apartment" at a price of $4,310 / sq.feet.