Living Near The Dead: Do Homes Near Cemeteries Sell For Less?

PHILADELPHIA (CBS) – With Halloween approaching, one real estate website was apparently “dying to know” whether or not houses near cemeteries really sell for less, and the results might surprise you.

Redfin.com, a website dedicated to real estate, says it averaged the price of homes less than 50 feet from a graveyard and compared it to homes farther away – 100, 200, 500 and 1,000 yards away.

What Redfin found is that while homes near cemeteries tend to be smaller, they typically sell for more per square foot. On average, a house near a cemetery went for $162 per square foot, compared with $145 per square foot for the homes 500 yards away from the tombs.

Unsurprisingly, homes near cemeteries do take longer to sell – an average of 48 days for residences less than 50 feet from a burial ground, compared to 39 for those 500 yards away.

“I have a current listing that backs up to a cemetery, and 10 to 15 people have toured the home. One potential buyer provided feedback that it was a deal breaker, but that is just one of many. In my opinion, cemeteries make very quiet neighbors!” Redfin Philadelphia real estate agent Blakely Minton said.

And if you’re looking for a house in Philadelphia and living in close proximity to the dead doesn’t bother you, you’re actually in luck: According to Redfin, the City of Brotherly Love has the second highest number of homes for sale near a cemetery in the country.

To read more, click here.

Comments

Comments are closed.

More From CBS Philly

2016 Guide To Holiday Mall Hours
What's New On The Nearby Slopes

Listen Live