Chestnut Hill Is Philly Region's 4th Most Expensive Neighborhood

CHESTNUT HILL, PHILADELPHIA — There are many obvious perks to living in the Chestnut Hill neighborhood of Philadelphia. To enjoy them, you'll pay a hefty price.

Chestnut Hill is now the region's fourth most expensive place to purchase a home. That's according to an analysis by Philadelphia Magazine, which lists the Philadelphia region's 50 most expensive neighborhoods for home purchases.

The average home purchase price in Chestnut Hill in 2018 was $799,619 — up 13 percent from the year before.

Rittenhouse was listed as the sixth most expensive, as the average price in 2018 was $754,628. Center City West's average 2018 price was $684,549, earning it the No. 12 spot.

Old City/Society Hill was No. 22 with an average price of $595,268, Bella Vista/Queen Village was No. 43 with an average price of $493,668 and Northern Liberties was No. 44 with a $492,001 average.

Villanova was listed as the area's most expensive, with an average price in 2018 of $1,125,280

You can view the full list here.

A quick scan of the available listings on Realtor.com for sale in Chestnut Hill backs up the findings in the analysis. As of March 5, there are 36 listings in Chestnut Hill on Realtor.com. Of those, 14 are priced $1 million or more.

Here's a look a few of the most expensive listings currently on the market in Chestnut Hill:

437 W Chestnut Hill Ave., listed for $3.299 million

724 Saint Andrews Road, listed for $2.75 million

8019 Ardleigh St., listed for $1.95 million

Note: a previous version of this story listed Chestnut Hill as a Philadelphia suburb, not a Philadelphia neighborhood.