Home Values

Lower Merion Township Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$607,400

  • 4.4% 1-year change
  • 1.6% 1-year forecast

The median home value in Lower Merion Township is $607,400. Lower Merion Township home values have gone up 4.4% over the past year and Zillow predicts they will rise 1.6% within the next year. The median list price per square foot in Lower Merion Township is None.

Foreclosures will be a factor impacting home values in the next several years. In Lower Merion Township 2.7 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 4.1 and also lower than the national value of 3.9

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Lower Merion Township is 3.6%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Lower Merion Township homeowners underwater on their mortgage is 6.7%, which is lower than Philadelphia Metro at 19.1%.

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Relative ZHVI
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Lower Merion Township Market Overview

Data through Apr 30, 2015
  • $607,400 ZHVI
  • 1.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Apr 30, 2016)
  • No data Median listing price
  • $548,250 Median sale price (Mar 31, 2015)
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Lower Merion Township Market Health

Data through Apr 30, 2015
  • 9.3/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 6.7% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

2.7 homes Lower Merion Township
4.1 homes Philadelphia Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Haverford $653,000
Bryn Mawr $478,800
Narberth $393,600
Name Median ZHVI
Whitemarsh Township $356,500
Plymouth Meeting $283,400
Havertown $270,200
Name Median ZHVI
Ardmore $260,000
West Conshohocken $253,700
Conshohocken $248,700

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $203 Median sale price / sq ft
  • No data Listings with price cut
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Lower Merion Township Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $3,247 Lower Merion Township
    $1,567 Philadelphia Metro
    $1,364 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $1.43 Rent list price / sq ft
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