Altos Research

Merion Station, PA

Single-Family Homes

Market Data for Realtors. Schedule a demo today at altos.re.



Merion Station, PA

Fri Feb 22 2019
This week the median list price for Merion Station, PA is $650,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 5. Click here to stay informed with the Merion Station market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Merion Station, PA

Fri Feb 22 2019
This week the median list price for Merion Station, PA is $650,000 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 5. Click here to stay informed with the Merion Station market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Merion Station market.
Median List Price $650,000
Per Square Foot $200
Days on Market 100
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 5
Median House Rent $2,950
Most Expensive $795,000
Least Expensive $399,900
Market Action Index
Strong Seller's Market
49

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$795,000 3,739 0.25 - 0.5 acre 5 4 99 0 0 294
$730,000 2,923 0.25 - 0.5 acre 6 5 90 1 0 0
$650,000 3,726 8,000 - 10,000 sqft 6 3 111 0 1 119
$499,900 2,866 0.25 - 0.5 acre 4 2 56 1 0 45