Berwyn appreciation rates and housing market information

Berwyn housing market information

With 10,821 people, 3,887 houses or apartments, and a median cost of homes of $722,053, Berwyn house prices are not only among the most expensive in Pennsylvania, Berwyn real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Berwyn, accounting for 78.90% of the town's housing units. Other types of housing that are prevalent in Berwyn include row houses and other attached homes (12.30%), large apartment complexes or high rise apartments (6.41%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.98%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Berwyn. Owner-occupied housing accounts for 87.19% of Berwyn's homes, and 72.62% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Berwyn's housing was primarily built during this period, from the '40s through the '60s. A full 52.28% of the town's housing hails from this era. Other housing ages represented in Berwyn include homes built between 1970-1994 (31.93%), and housing constructed from 1939 and earlier (9.92%). There's also some housing in Berwyn built between 1995 and later (5.87%).

Berwyn home appreciation rates

In the last 10 years, Berwyn has experienced some of the highest home appreciation rates of any community in the nation. Berwyn real estate appreciated 109.10% over the last ten years, which is an average annual home appreciation rate of 10.91%, putting Berwyn in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Berwyn definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Berwyn appreciation rates have trailed the rest of the nation. In the last twelve months, Berwyn's appreciation rate has been -1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Berwyn were at -0.04%, which equates to an annual appreciation rate of -0.16%.

Relative to Pennsylvania, our data show that Berwyn's latest annual appreciation rate is higher than 21% of the other cities and towns in Pennsylvania.