Cities with the fastest growing home prices in Philadelphia metro area
Cities with the fastest growing home prices in Philadelphia metro area
It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.
The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.
Stacker compiled a list of cities with the fastest-growing home prices in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 238 cities and towns in Philadelphia.
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#30. Fieldsboro, NJ
- 5-year price change: +$111,931 (+54.7%)
- Typical home value: $316,600 (#135 most expensive city in metro)
#29. Glenmoore, PA
- 5-year price change: +$179,311 (+43.7%)
- Typical home value: $589,470 (#15 most expensive city in metro)
#28. Bryn Athyn, PA
- 5-year price change: +$179,311 (data not available)
- Typical home value: $576,158 (#19 most expensive city in metro)
#27. Haddonfield, NJ
- 5-year price change: +$225,389 (+48.1%)
- Typical home value: $693,897 (#6 most expensive city in metro)
#26. Hainesport Township, NJ
- 5-year price change: +$143,368 (+50.7%)
- Typical home value: $426,022 (#69 most expensive city in metro)
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#25. Evesham Township, NJ
- 5-year price change: +$132,182 (+47.5%)
- Typical home value: $410,739 (#77 most expensive city in metro)
#24. Woodstown, NJ
- 5-year price change: +$118,135 (+64.9%)
- Typical home value: $300,192 (#151 most expensive city in metro)
#23. Exton, PA
- 5-year price change: +$154,769 (+40.3%)
- Typical home value: $538,418 (#25 most expensive city in metro)
#22. Lumberton Township, NJ
- 5-year price change: +$150,068 (+52.8%)
- Typical home value: $434,489 (#62 most expensive city in metro)
#21. Cinnaminson Township, NJ
- 5-year price change: +$145,565 (+56.3%)
- Typical home value: $404,198 (#82 most expensive city in metro)
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#20. Kennett Square, PA
- 5-year price change: +$176,452 (+47.8%)
- Typical home value: $545,604 (#24 most expensive city in metro)
#19. West Chester, PA
- 5-year price change: +$160,815 (+39.5%)
- Typical home value: $567,635 (#20 most expensive city in metro)
#18. Medford Lakes, NJ
- 5-year price change: +$145,266 (+49.1%)
- Typical home value: $441,160 (#56 most expensive city in metro)
#17. Tabernacle Township, NJ
- 5-year price change: +$150,192 (+53.0%)
- Typical home value: $433,466 (#64 most expensive city in metro)
#16. Hockessin, DE
- 5-year price change: +$173,752 (+42.6%)
- Typical home value: $582,027 (#17 most expensive city in metro)
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#15. Narberth, PA
- 5-year price change: +$209,772 (+39.6%)
- Typical home value: $738,890 (#3 most expensive city in metro)
#14. Pilesgrove, NJ
- 5-year price change: +$150,610 (+61.0%)
- Typical home value: $397,325 (#90 most expensive city in metro)
#13. New Hope, PA
- 5-year price change: +$238,350 (+40.9%)
- Typical home value: $821,724 (#2 most expensive city in metro)
#12. Wynnewood, PA
- 5-year price change: +$206,810 (+41.4%)
- Typical home value: $706,191 (#5 most expensive city in metro)
#11. Glen Mills, PA
- 5-year price change: +$192,350 (+43.0%)
- Typical home value: $639,723 (#10 most expensive city in metro)
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#10. Medford Township, NJ
- 5-year price change: +$165,326 (+47.5%)
- Typical home value: $513,045 (#32 most expensive city in metro)
#9. Malvern, PA
- 5-year price change: +$196,982 (+40.9%)
- Typical home value: $678,705 (#7 most expensive city in metro)
#8. Garnet Valley, PA
- 5-year price change: +$191,568 (+44.1%)
- Typical home value: $626,253 (#11 most expensive city in metro)
#7. Shamong Township, NJ
- 5-year price change: +$156,196 (+47.0%)
- Typical home value: $488,638 (#39 most expensive city in metro)
#6. Mullica Hill, NJ
- 5-year price change: +$190,472 (+55.6%)
- Typical home value: $533,144 (#28 most expensive city in metro)
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#5. Chester Springs, PA
- 5-year price change: +$195,034 (+40.7%)
- Typical home value: $674,102 (#8 most expensive city in metro)
#4. Chesterfield Township, NJ
- 5-year price change: +$178,895 (+41.5%)
- Typical home value: $609,785 (#13 most expensive city in metro)
#3. Moorestown Township, NJ
- 5-year price change: +$186,246 (+39.4%)
- Typical home value: $658,476 (#9 most expensive city in metro)
#2. Bryn Mawr, PA
- 5-year price change: +$262,830 (+45.5%)
- Typical home value: $840,824 (#1 most expensive city in metro)
#1. Cheyney, PA
- 5-year price change: +$262,830 (data not available)
- Typical home value: $724,424 (#4 most expensive city in metro)
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