The average price in the Massachusetts region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Massachusetts has risen in the last 6 months. During November, the average price per sq.feet was $401. The following month the price decreased to $342 per sq.feet. The following two months (January, February) there has been a deflation of 91 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has increased 108 %. This has been obtained by comparing the price $354.5 for the first four months of the sample with regard to the previous 4 months and the price $383.5 per sq.feet for the last two months (March, April).
Based upon to the price in Massachusetts (region), this has decreased in the last 6 months. November has an average price of $772,982. During December the price had a strong deflation till $620,514. The average price for the following two months (January, February) decreased 94 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $676,422 to $698,240 during March and April.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 40 % more affordable than the average price in Massachusetts followed by those with 2 with an average price of $549,222. The most costly properties have 4 bedrooms. They are 2 % more expensive than the average followed by those properties with 3 bedrooms priced at $550,767.
Based on the average price per sq.feet those properties with 4 bedrooms are the cheapest ones with a price of $305 / sq.feet being $424 / sq.feet the average value within the Massachusetts region. The properties with the most expensive average price are those with 1 bedroom. These are 46 % more costly than the average followed by those with 2 bedrooms with a price of $456 / sq.feet.
The graph displaying the average price according to the property type shows "Townhouse" as the cheapest one. With an average cost of $734,218 it is 26 % more affordable than the average in Massachusetts. This is followed by "Duplex" with a price of $569,646. The dearest property type is "Land" and is 7 % more expensive than the average, followed by "Apartment" with a cost of $752,623.
Based on the average cost per sq.feet the cheapest property type is "Townhouse with a an average cost of $294 / sq.feet, followed by "House" with a price of $321 / sq.feet. "Land" with an average price of $315,454 / sq.feet is the most costly type of property followed by "Apartment" at a price of $6,631 / sq.feet.