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 March, the average price per sq.feet was $378. The following month (April) the price had a considerable increase reaching $435 per sq.feet. The price per sq.feet for the following two months practically stayed the same, going from $406.5 to $387 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 151 %. This has been obtained by comparing the price of $396.75 for the first four months of the sample with regard to the previous 4 months and the price of $599.5 per sq.feet for the last two months (July, August).
Based upon to the price in Massachusetts(region), these have remained the same in the last 6 months. The average price in March is $540,659. In April the price increased to $569,292. In the following two months the average price didn't change much compared to the previous two going from $554,975.5 to $570,435.5. During the last two months the price has had a considerable reduction of 77 % with respect to the previous four months going from $562,705.5 a $432,099.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 18 % more affordable than the average price in Massachusetts followed by those with 1 with an average price of $296,689. The most costly properties have 4 bedrooms. They are 37 % more expensive than the average followed by those properties with 3 bedrooms priced at $341,195.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $188 / sq.feet being $198 / sq.feet the average value within the Massachusetts region. The properties with the most expensive average price are those with 1 bedroom. These are 89 % more costly than the average followed by those with 2 bedrooms with a price of $237 / sq.feet.
The graph displaying the average price according to the property type shows "Condo" as the cheapest one. With an average cost of $358,794 it is 9 % more affordable than the average in Massachusetts. This is followed by "House" with a price of $340,270. The dearest property type is "Commercial" and is 89 % more expensive than the average, followed by "Townhouse" with a cost of $610,995.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $190 / sq.feet, followed by "Condo" with a price of $252 / sq.feet. "Commercial" with an average price of $486 / sq.feet is the most costly type of property followed by "Townhouse" at a price of $469 / sq.feet.