Pelham is a delightful community that is comprised of two villages, Pelham Manor and Pelham, and is located in Westchester County, New York. Originally named after Thomas Pell, who settled it in 1654, the community continues to burst with history and its historical nature is one of its many main attractions.
One of the major appealing qualities of Pelham is the fact that it remains a tight knit community with strong values, yet it is situated right next to one of the greatest cities in the world. In fact, Pelham is only a 30 minute train commute from Midtown Manhattan.
Residents of Pelham enjoy the quiet sanctuary of a small town as well as the nearby excitement of a major city. Furthermore, residents enjoy numerous recreational activities provided to them by the community. During the summer months residents flock to the many nearby beaches and clubs, and golfers enjoy taking tee time at six different golf courses in the area. Hiking, fishing and boating are also incredibly popular activities in Pelham. In their spare time, residents enjoy the close knit bond between the local government and the community, and often participate in local town events and meetings. Filled with wonderful people, history and homes, Pelham is a wonderful community.
Pelham Real Estate Market: Price Range of Pelham, NY Homes
Pelham, NY is home to a wide variety of real estate. The average price for a lovely single-family home in Pelham currently hovers in the $800,000 range. Potential buyers will find that they can purchase a 3 bedroom home anywhere between $450,000 and $700,000. Elegant Pelham homes are also available, and the average price for a 5 bedroom/5 bathroom luxury home can vary from $800,000 to over $2 million, depending on the exact size of the property, architecture, location within the community and amenities present. There are some great historic homes located in Pelham Manor. Pelham condos, co-ops and townhouses are also very popular in Pelham, with prices currently around $300,000.
Pelham Real Estate Stats and Trends for the week of December 12th, 2018: homes priced around $713,091 compared to $713,091 the previous week, to remain steady with no change in listing price. For Wednesday, December 12th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.