Altos Market Data for Realtors

Merion Station, PA

Single-Family Homes

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Merion Station, PA

Wed Oct 20 2021
This week the median list price for Merion Station, PA is $1,185,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 7. Click here to stay informed with the Merion Station market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Merion Station, PA

Wed Oct 20 2021
This week the median list price for Merion Station, PA is $1,185,000 with the market action index hovering around 51. This is less than last month's market action index of 52. Inventory has increased to 7. Click here to stay informed with the Merion Station market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Merion Station market.
Median List Price $1,185,000
Median Price of New Listings $1,242,500
Per Square Foot $285
Average Days on Market 45
Median Days on Market 28
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $2,200
Market Action 51
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$3,150,000 10,297 1 - 2.5 acres 6 8 96 0 0 105
$2,149,500 7,346 1 - 2.5 acres 6 7 97 1 0 77
$1,002,000 3,799 0.25 - 0.5 acre 5 5 86 1 0 3
$767,450 2,829 8,000 - 10,000 sqft 4 3 80 0 0 24