The average price in the Massachusetts region has had a slight increase in recent months. There has been an inflation in the prices in this region.
The price per sq.feet in Massachusetts has increased in the last 6 months. During November, the average price per sq.feet was $294. The following month the price decreased to $262 per sq.feet. The following two months (January, February) went through an increase of 111 % in the price per sq.feet rising from $278 to $309 per sq.feet. In the last two months, the price per sq.feet has had a significant increase of 127 %. This has been obtained by comparing the price of $293.5 for the first four months of the sample with regard to the previous 4 months and the price of $373 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 $724,655. During December the price had a strong deflation till $578,738. The average price for the following two months (January, February) decreased 95 % compared to the prior two. During the last two months the price has had a considerable increase of 122 % with respect to the previous four months going from $634,111.75 a $770,564.
The graph displaying the the average price per number of bedrooms shows that those with 2 bedrooms are the cheapest ones. They are 55 % more affordable than the average price in Massachusetts followed by those with 1 with an average price of $362,144. The cheapest properties have 4 bedrooms. They are 10 % cheaper than the average followed by those properties with 3 bedrooms priced at $447,377.
Based on the average price per sq.feet those properties with 1 bedroom are the dearest ones with a price of $582 / sq.feet being $389 / sq.feet the average value within the Massachusetts region. The properties with the most expensive average price are those with 4 bedrooms. These are 909 % more costly than the average followed by those with 3 bedrooms with a price of $3,484 / sq.feet.
The graph displaying the average price according to the property type shows "Office" as the cheapest one. With an average cost of $735,521 it is 23 % more affordable than the average in Massachusetts. This is followed by "Townhouse" with a price of $567,940. The dearest property type is "Apartment" and is 121 % more expensive than the average, followed by "House" with a cost of $889,428.
Based on the average cost per sq.feet the cheapest property type is "Office with a an average cost of $331 / sq.feet, followed by "Townhouse" with a price of $336 / sq.feet. "Commercial" with an average price of $4,736 / sq.feet is the most costly type of property followed by "Apartment" at a price of $3,306 / sq.feet.