Cities with the fastest growing home prices in Philadelphia metro area

Written by:
January 19, 2023
Arina P Habich // Shutterstock

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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Stacker

#30. Fieldsboro, NJ

- 1-year price change: +$49,619 (+18.6%)
- 5-year price change: +$111,931 (+54.7%)
- Typical home value: $316,600 (#135 most expensive city in metro)
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#29. Glenmoore, PA

- 1-year price change: +$50,030 (+9.3%)
- 5-year price change: +$179,311 (+43.7%)
- Typical home value: $589,470 (#15 most expensive city in metro)
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#28. Bryn Athyn, PA

- 1-year price change: +$50,892 (+9.7%)
- 5-year price change: +$179,311 (data not available)
- Typical home value: $576,158 (#19 most expensive city in metro)
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#27. Haddonfield, NJ

- 1-year price change: +$51,043 (+7.9%)
- 5-year price change: +$225,389 (+48.1%)
- Typical home value: $693,897 (#6 most expensive city in metro)
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#26. Hainesport Township, NJ

- 1-year price change: +$51,341 (+13.7%)
- 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

- 1-year price change: +$51,406 (+14.3%)
- 5-year price change: +$132,182 (+47.5%)
- Typical home value: $410,739 (#77 most expensive city in metro)
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#24. Woodstown, NJ

- 1-year price change: +$51,815 (+20.9%)
- 5-year price change: +$118,135 (+64.9%)
- Typical home value: $300,192 (#151 most expensive city in metro)
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#23. Exton, PA

- 1-year price change: +$52,075 (+10.7%)
- 5-year price change: +$154,769 (+40.3%)
- Typical home value: $538,418 (#25 most expensive city in metro)
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#22. Lumberton Township, NJ

- 1-year price change: +$52,601 (+13.8%)
- 5-year price change: +$150,068 (+52.8%)
- Typical home value: $434,489 (#62 most expensive city in metro)
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#21. Cinnaminson Township, NJ

- 1-year price change: +$53,133 (+15.1%)
- 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

- 1-year price change: +$53,442 (+10.9%)
- 5-year price change: +$176,452 (+47.8%)
- Typical home value: $545,604 (#24 most expensive city in metro)
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#19. West Chester, PA

- 1-year price change: +$54,144 (+10.5%)
- 5-year price change: +$160,815 (+39.5%)
- Typical home value: $567,635 (#20 most expensive city in metro)
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#18. Medford Lakes, NJ

- 1-year price change: +$54,330 (+14.0%)
- 5-year price change: +$145,266 (+49.1%)
- Typical home value: $441,160 (#56 most expensive city in metro)
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#17. Tabernacle Township, NJ

- 1-year price change: +$54,523 (+14.4%)
- 5-year price change: +$150,192 (+53.0%)
- Typical home value: $433,466 (#64 most expensive city in metro)
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#16. Hockessin, DE

- 1-year price change: +$57,251 (+10.9%)
- 5-year price change: +$173,752 (+42.6%)
- Typical home value: $582,027 (#17 most expensive city in metro)

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Stacker

#15. Narberth, PA

- 1-year price change: +$59,285 (+8.7%)
- 5-year price change: +$209,772 (+39.6%)
- Typical home value: $738,890 (#3 most expensive city in metro)
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#14. Pilesgrove, NJ

- 1-year price change: +$59,520 (+17.6%)
- 5-year price change: +$150,610 (+61.0%)
- Typical home value: $397,325 (#90 most expensive city in metro)
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#13. New Hope, PA

- 1-year price change: +$59,750 (+7.8%)
- 5-year price change: +$238,350 (+40.9%)
- Typical home value: $821,724 (#2 most expensive city in metro)
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#12. Wynnewood, PA

- 1-year price change: +$60,592 (+9.4%)
- 5-year price change: +$206,810 (+41.4%)
- Typical home value: $706,191 (#5 most expensive city in metro)
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#11. Glen Mills, PA

- 1-year price change: +$63,901 (+11.1%)
- 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

- 1-year price change: +$64,934 (+14.5%)
- 5-year price change: +$165,326 (+47.5%)
- Typical home value: $513,045 (#32 most expensive city in metro)
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#9. Malvern, PA

- 1-year price change: +$65,138 (+10.6%)
- 5-year price change: +$196,982 (+40.9%)
- Typical home value: $678,705 (#7 most expensive city in metro)
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#8. Garnet Valley, PA

- 1-year price change: +$66,455 (+11.9%)
- 5-year price change: +$191,568 (+44.1%)
- Typical home value: $626,253 (#11 most expensive city in metro)
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#7. Shamong Township, NJ

- 1-year price change: +$67,174 (+15.9%)
- 5-year price change: +$156,196 (+47.0%)
- Typical home value: $488,638 (#39 most expensive city in metro)
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#6. Mullica Hill, NJ

- 1-year price change: +$68,487 (+14.7%)
- 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

- 1-year price change: +$70,083 (+11.6%)
- 5-year price change: +$195,034 (+40.7%)
- Typical home value: $674,102 (#8 most expensive city in metro)
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#4. Chesterfield Township, NJ

- 1-year price change: +$74,989 (+14.0%)
- 5-year price change: +$178,895 (+41.5%)
- Typical home value: $609,785 (#13 most expensive city in metro)
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#3. Moorestown Township, NJ

- 1-year price change: +$77,137 (+13.3%)
- 5-year price change: +$186,246 (+39.4%)
- Typical home value: $658,476 (#9 most expensive city in metro)
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#2. Bryn Mawr, PA

- 1-year price change: +$78,252 (+10.3%)
- 5-year price change: +$262,830 (+45.5%)
- Typical home value: $840,824 (#1 most expensive city in metro)
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#1. Cheyney, PA

- 1-year price change: +$85,640 (+13.4%)
- 5-year price change: +$262,830 (data not available)
- Typical home value: $724,424 (#4 most expensive city in metro)

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