Business & Tech

Report: Newtown Most Expensive Real Estate Market In PA

The average listing price of a four-bedroom, two-bathroom home in Newtown is $623,078 – the highest in the state, according to a report released today by Coldwell Banker.

A new report released today by Coldwell Banker identifies Newtown as the state’s most expensive real estate market.

The average listing price of a four-bedroom, two-bathroom home in Newtown is $623,078 – the highest in the state. Coldwell Banker’s Home Listing Report surveyed 106 real estate markets in Pennsylvania.

Penn Hills had the most affordable market. A four-bedroom, two-bathroom home there is approximately $99,776.

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The report found that the average four-bedroom, two-bathroom home in Pennsylvania is $292,491, which is close to the national average of $293,251.

The Coldwell Banker Home Listing Report provides the average home listing price of four-bedroom, two-bathroom properties on coldwellbanker.com that were listed between September 2010 and March 2011 from more than 2,300 North American markets, according to a statement released by the firm. Markets included in the U.S. report were required to have at least 10 properties fitting the above criteria within the relevant timeframe.

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"This year’s home listing report is by far the most in-depth local market source of data that Coldwell Banker has ever released,” said Jim Gillespie, chief executive officer of Coldwell Banker Real Estate LLC.

“We know that home buying remains a deeply personal lifestyle decision, and we believe that reports like this, along with trusted real estate agents, will help to today’s buyers make smart decisions,” Gillespie said.


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