New Hope Is Philly Region's 5th Most Expensive Suburb

NEW HOPE, PA — The vibrant, quaint river town filled with shops, galleries, and restaurants. The historic properties. The excellent schools. The proximity to Philadelphia and New York.

There are many obvious perks to living in New Hope. To enjoy them, you'll pay a hefty price.

New Hope is now the region's fifth 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 New Hope in 2018 was $766,610 — up 14 percent from the year before.

The only place in Bucks County with pricier real estate is Upper Makefield, where last year's average purchase price was $940,886. Other communities that round out the top five of most expensive Philly neighborhoods include Villanova, Gladwyne, and Chestnut Hill.

Several other Bucks County communities are among the 50 most expensive places in the Philadelphia region, including Solebury Township (9th), Newtown (14th), Wrightstown (15th), and Buckingham (34th).

You can view the full list here.

Here's a look a few of the most expensive listings currently on the local market:

504 Waterview Place, listed for $3,295,000

169 N Main Street, listed for $1,150,000

7 Kingswood Dr, listed for $895,000