2017 was very strong year for Main Line real estate. Nearly all of the Main Line townships had increases in average sales price, total sold volume, average list price, number of homes sold, and the average days on the market decreased 9%. The largest increase was the total sales volume for the year, which increased 17.6% or $184,834,223. The average price of the home on the Main Line increased 4.16% to $625,643 and there were 59 more homes sold 2017 vs 2016. If you're thinking of buying or selling in 2018 please contact us for a free consultation.


The Main Line

(Lower Merion, Radnor, Tredyffrin, Easttown townships, & Narberth borough)


2016
2017
Results
Sold Average
$600,606
$625,643
4.16% ($25,037)
Sold Volume
$1,049,559,310
$1,234,393,533
17.6% ($184,834,223)
Listed Average
$743,109
$759,045
2.14% ($15,936)
Houses Sold
1,914
1,973
3.1% (59 houses)
Days on Market
66
60
-9% (6 days)


Lower Merion Township


2016
2017
Results
Sold Average
$619,882
$652,586
5.27% ($32,704)
Sold Volume
$527,519,264
$601,031,730
13.93% ($73,512,466)
Listed Average
$788,927
$799,951
1.39% ($11,024)
Houses Sold
851
921
8.22% (70 houses)
Days on Market
73
71
-2.73% (2 days)


Radnor Township


2016
2017
Results
Sold Average
$698,317
$722,480
3.34% ($24,163)
Sold Volume
$241,617,543
$240,585,985
-0.42% ($1,031,558)
Listed Average
$840,388
$871,267
3.67($30,879)
Houses Sold
346
333
-3.7% (13 houses)
Days on Market
68
58
16.17% (11 days)


Tredyffrin Township


2016
2017
Results
Sold Average
$469,840
$484,831
3.19($14,991)
Sold Volume
$229,281,970
$246,778,728
7.63($17,496,758)
Listed Average
$528,910
$563,315
6.5($34,405)
Houses Sold
488
509
4.3% (21 houses)
Days on Market
53
42
-20.75% (11 days)


Easttown Township


2016
2017
Results
Sold Average
$716,688
$767,743
7.12% ($51,055)
Sold Volume
$126,137,033
$122,071,150
-3.22% ($4,065,883)
Listed Average
$858,416
$931,014
8.45% ($72,598)
Houses Sold
176
159-9.65% (17 houses)
Days on Market
69
65
-5.79% (4 days)


Narberth Borough


2016
2017
Results
Sold Average
$471,764
$469,136
-0.55% ($2,628)
Sold Volume
$25,003,500
$23,925,940
-4.3% ($1,077,560)
Listed Average
$479,568
$505,160
5.33% ($25,592)
Houses Sold
53
51
-3.77% (2 houses)
Days on Market
60
43-28.33% (17 days)


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