I See Dead People: Do Homes Near Cemeteries Sell Well?
Around Halloween time people wonder and, at Redfin we were dying to know: do homes near cemeteries sell for more or less than homes farther away from cemeteries? Would a drop-dead gorgeous home take longer to sell if the view includes tombstones? Would a home shopper have grave concerns about a home near a cemetery, or would the quiet neighbors be a selling point? We dug into the data to find out.
Homes Near Cemeteries Sell for More: We’re Dead Serious.
Redfin analyzed the price of homes less than 50 feet from a cemetery, and compared those to the price of homes less than 100, 200, 500 and 1,000 yards away. The numbers indicate that on average, homes near cemeteries are slightly smaller, but sell for more per square foot. On average, homes closest to cemeteries sold for $162 dollars per square foot, whereas the homes located more than 500 yards away sold for $145 per square foot.
|Distance||Transaction Count||Median Sale Price||Median Square Footage||Price Per Square Foot||Days On Market|
|< 50 Feet||221||$235,000||1,398||$162||48|
|< 100 Yards||3,689||$219,900||1,392||$147||43|
|< 200 Yards||6,361||$223,000||1,408||$150||42|
|< 500 Yards||26,512||$230,000||1,478||$147||41|
|< 1,000 Yards||60,170||$235,000||1,514||$145||39|
“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!” said Blakely Minton, a Redfin real estate agent in Philadelphia.
“Like everything with home buying, there are pros and cons to living near a cemetery. The pros are that most likely there would be no chance of future development on the site of a cemetery, there is usually well maintained open space, it’s quiet, and many cemeteries are picturesque. The cons would be that cemeteries give some people an uneasy feeling, as it represents mortality, and it might not be an area they want to ‘live’ next to everyday,” said Lynn Ikle, a Redfin real estate agent in Baltimore.
ime on Market: Do Homes Near Cemeteries Take An Eternity to Sell?
The analysis also reveals that homes adjacent to cemeteries take longer to sell on average. Those located less than 50 feet away took 48 days to sell, whereas those located more than 500 yards away took 39 days to sell. Based on the analysis, homes near cemeteries sell for more money, but it may take longer to find the right buyer.
“Having a home right next door to a cemetery may make it more difficult to sell. There will always be a group of people who might love all of the specifications of the house, but the ‘creepy’ factor may prevent them from even touring the home. Having fewer folks tour a home could lead to a home staying on the market longer,” said John Malandrino, a Redfin real estate agent in Chicago.