The average price in the New Jersey 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 New Jersey has increased in the last 6 months. During January, the average price per sq.feet was $227. The following month (February) the price had a considerable increase reaching $267 per sq.feet. The following two months (March, April) there has been a deflation of 88 % in the price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has increased 106 %. This has been obtained by comparing the price $232.5 for the first four months of the sample with regard to the previous 4 months and the price $247.5 per sq.feet for the last two months (May, June).
Based upon to the price in New Jersey(region), this has increased in the last 6 months. The average price in January is $398,311. In February the price increased to $423,979. In the following two months the average price didn't change much compared to the previous two going from $411,145 to $428,895.5. During the last two months the price has had a considerable increase of 118 % with respect to the previous four months going from $420,020.25 a $497,388.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 51 % more affordable than the average price in New Jersey followed by those with 2 with an average price of $276,217. The most costly properties have 4 bedrooms. They are 5 % more expensive than the average followed by those properties with 3 bedrooms priced at $356,131.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $210 / sq.feet being $259 / sq.feet the average value within the New Jersey region. The properties with the most expensive average price are those with 1 bedroom. These are 34 % more costly than the average followed by those with 2 bedrooms with a price of $219 / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of $526,945 it is 66 % more affordable than the average in New Jersey. This is followed by "Duplex" with a price of $261,383. The dearest property type is "House" and is 4 % more expensive than the average, followed by "Land" with a cost of $505,870.
Based on the average cost per sq.feet the cheapest property type is "Duplex with a an average cost of $128 / sq.feet, followed by "Townhouse" with a price of $164 / sq.feet. "Land" with an average price of $80,178 / sq.feet is the most costly type of property followed by "Condo" at a price of $321 / sq.feet.