Montgomery County is home to four towns that are among the places with the most expensive homes in Philadelphia metro area, according to a new ranking by Stacker.
More desirable areas allow the sellers to charge more for their listed homes, meaning the saying “location, location, location” has never been more relevant, especially in these Montgomery County neighborhoods.
Lower Merion Township ranked first in the metro area with a median home value of $919,122. The number represents a one-year value increase of nine percent and a five-year increase of a whopping 24.1 percent, for the most expensive home.
This is more than three times higher than the United States median value of a home that stands at $281,370.
Bryn Mawr is next in third place with a median home value of $796,009. The town has seen its home prices increase by 13.7 percent in just one year and a staggering 32.9 percent over a five-year period.
Narberth also broke the top five in the fifth with a median home value of $687,028, followed by Wynnewood in ninth with a median of $648,390.
Read more about cities with the most expensive homes in Philadelphia metro area in Stacker.