October's First-Time Homebuyer Report for Chestnut Hill

Chestnut Hill has a much younger population than other areas in Philadelphia with a median age of 40 years. It also ranks as the 58th- most affluent with a median income of $80,987 per household. Detached homes account for 59% of the area's current housing market. The best school in the neighborhood is Jenks John S School.

Culture

According to Foursquare, Pastorius Park and Jenks Children's Playground are the most popular outdoor attractions in Chestnut Hill. You might also try Woodmere Art Museum and Stagecrafters, a few popular destinations for entertainment. And finally, Trolley Car Diner, Chestnut Hill Grill, and Cake are frequently visited spots to eat.

Price Range

Chestnut Hill has some of the more expensive homes in the city with a median home value of $320,430 and a current average list price of $773,612. Over the last 30 days, three homes were sold in the Chestnut Hill market, down 57.1%. Additionally, the market is still in a long downward trend overall.

Make sure you take a look at these eye-catching homes in Chestnut Hill that generated the most views from potential buyers:

$650K   $1.4M   $2.1M  

Typical Dwelling

A three-bedroom townhouse valued around $351,080 is considered a typical dwelling in Chestnut Hill. If a buyer was looking for a similar home, they would need good credit and a $70,216 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,541 and the property tax rate is $15.74 per $1,000 of taxable assessed value.

Get started right now by checking out Chestnut Hill homes for sale or reviewing Chestnut Hill real estate trends.


Data reported through 10/13/2016

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