Lower Merion Township Housing Market Report January 2025•Montgomery County, Pennsylvania

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Housing Prices in Lower Merion Township, PA

How much do homes in Lower Merion Township, PA cost?

Housing Market Conditions

Is Lower Merion Township, PA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Lower Merion Township is a Seller's Market

Difference Since January 2024

Since last year, Lower Merion Township has remained a Seller's Market.

Insight

Lower Merion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$793,500$311/SqFt
+$58,500
+8.0%

Based on all homes sold in the last 12 months

Insight

Homes in Lower Merion Township have sold for 8% more than they did a year ago.

Summary: The median home sold price in Lower Merion Township was $793,500 in January 2025, up 8% from last year, and the median price per square foot was $311.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Havertown
+9.2%
Lower Merion Township
+8.0%
Haverford Township
+7.0%
Ardmore
+1.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$172.5K$171.7K
-0.5%
2$295K$320K
+8.5%
3$565K$617K
+9.2%
4$900K$995K
+10.6%
5$1.4M$1.3M
-3.3%

Summary: Lower Merion Township housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -0.5%. The home price for 2 bedroom homes increased by +8.5%. The home price for 3 bedroom homes increased by +9.2%. The home price for 4 bedroom homes increased by +10.6%. The home price for 5 bedroom homes decreased by -3.3%.

Housing supply in Lower Merion Township, PA

How many homes are available in Lower Merion Township, PA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
129Last MonthJan 2025
1482 months agoDec 2024
-12.8 %
Change MoMDec – Jan

Summary: The Lower Merion Township real estate market had 129 homes for sale in Jan 2025, a 12.8 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
29Last MonthJan 2025
532 months agoDec 2024
-45.3 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
124
+100.0%
22831
+10.7%
32720
-25.9%
43731
-16.2%
55443
-20.4%

Summary: Lower Merion Township housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +10.7%. The inventory for 3 bedroom homes decreased by -25.9%. The inventory for 4 bedroom homes decreased by -16.2%. The inventory for 5 bedroom homes decreased by -20.4%.

Asking Price vs. Sold Price

How much do homes in Lower Merion Township, PA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price10 Homes

At Asking Price4 Homes

Under Asking Price15 Homes

Insight

If you're buying a home in Lower Merion Township, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Lower Merion Township in January 2025, down by 45.3% month-over-month. Of the 29 sold homes, 52% were sold under asking, 14% were sold at asking, and and 34% were sold over asking.

Days on Market for Lower Merion Township, PA

How long does it take to sell a home in Lower Merion Township, PA?

Breakdown of Home Sale Times

Under 30 Days19 Homes

30 – 90 Days7 Homes

Over 90 Days3 Homes

Insight

Many homes in Lower Merion Township are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 29 homes were sold in Lower Merion Township; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
57 DaysThis YearJan 2025
23 Days1 year agoJan 2024
+146.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Lower Merion Township had an average listing age of 57 days in Jan 2025, up by 146.2% compared to the previous year.

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Newest Listings in Lower Merion Township, PA

What homes are available in Lower Merion Township, PA?

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Nearby markets

Popular Cities with Homes for Sale in Pennsylvania

MLS Disclaimers and Copyright

Based on information from BrightMLS, for the period 02/01/2023 - 02/01/2025

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.