Swarthmore First-Time Homebuyer Report for October

The population of Swarthmore is growing slightly faster than the rest of Pennsylvania, at a 10-year growth rate of 1.0%. It's a larger than average city compared to the rest of the state, with 6,194 residents. Swarthmore is made up of homes that are older than most with a median of 68 years. Topping the list of best schools in the city is Swarthmore-Rutledge School.

Price Range

The median value of homes in Swarthmore is $246,200, making it one of the most valuable areas in Pennsylvania. At the same time, the average list price of available homes is presently $379,756. More sellers put their homes up for sale in the Swarthmore market over the last 30 days and the number of new listings climbed this week to 12. Home sales remained unchanged from the prior period and once again six homes were sold.

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

$309K   $119K   $123K  

Typical Dwelling

A four-bedroom detached home valued around $496,847 is considered a typical dwelling in Swarthmore. If a buyer was looking for a similar home, they would need good credit and a $99,369 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,103 and the property tax rate is $20.05 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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RE/MAX Hometown Realtors
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Daniel Beirne
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