The average price in the Pennsylvania region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per sq.feet in Pennsylvania has risen considerably in the last 6 months. During May, the average price per sq.feet was $9,396. The following month (June) the price had a considerable deflation reaching $309 per sq.feet. The following two months (July, August) went through a considerable deflation of 6 % 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 13 %. This has been obtained by comparing the price of $2,583.5 for the first four months of the sample with regard to the previous 4 months and the price of $324.5 per sq.feet for the last two months (September, October).
Based upon to the price in Pennsylvania (region), this has decreased in the last 6 months. In the first month sample May the average price is $347,242. In June the price was the same at $339,356. The average price for the following two months (July, August) decreased 86 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from $318,775.5 to $323,084 during September and October.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 52 % more affordable than the average price in Pennsylvania followed by those with 2 with an average price of $220,098. The most costly properties have 4 bedrooms. They are 32 % more expensive than the average followed by those properties with 3 bedrooms priced at $246,217.
Based on the average price per sq.feet those properties with 3 bedrooms are the cheapest ones with a price of $144 / sq.feet being $157 / sq.feet the average value within the Pennsylvania region. The properties with the most expensive average price are those with 2 bedrooms. These are 13 % more costly than the average followed by those with 1 bedroom with a price of $170 / sq.feet.
The graph displaying the average price according to the property type shows "Land" as the cheapest one. With an average cost of $322,630 it is 56 % more affordable than the average in Pennsylvania. This is followed by "Townhouse" with a price of $313,678. The dearest property type is "Farm" and is 126 % more expensive than the average, followed by "Apartment" with a cost of $407,627.
Based on the average cost per sq.feet the cheapest property type is "House with a an average cost of $129 / sq.feet, followed by "Condo" with a price of $310 / sq.feet. "Land" with an average price of $8,965 / sq.feet is the most costly type of property followed by "Farm" at a price of $5,484 / sq.feet.