Berwyn, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Berwyn, PA Housing Market Trends

With 3,775 people, 1,413 houses or apartments, and a median cost of homes of $714,545, 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 64.07% of the town's housing units. Other types of housing that are prevalent in Berwyn include large apartment complexes or high rise apartments ( 22.88%), row houses and other attached homes ( 8.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.24%).

The most prevalent building size and type in Berwyn are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.90% owning and 38.10% renting.

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 57.86% of the town's housing hails from this era. Other housing ages represented in Berwyn include homes built between 1970-1999 ( 19.47%) and housing constructed before 1939 ( 13.80%). There's also some housing in Berwyn built between 2000 and later ( 8.88%).

Berwyn Home Appreciation Rates

Real estate appreciation rates in Berwyn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.92% during the period.

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 17.46%, 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 6.42%, which equates to an annual appreciation rate of 28.28%.

Relative to Pennsylvania, our data show that Berwyn's latest annual appreciation rate is higher than 60% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$714,545

Berwyn, PA HOME PRICES

> $1,262,000
$947,001 - $1,262,000
$631,001 - $947,000
$505,001 - $631,000
$378,001 - $505,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
11.6%
11.6%
8.1%
8.1%
42.1%
42.1%
20.3%
20.3%
12.2%
12.2%
2.9%
2.9%
1.8%
1.8%
0.0%
0.0%
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,413

Berwyn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
143.00% 4.12%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,129 / per month

Homeownership Rate

Owners
Renters
Vacant
61.9%
61.9%
38.1%
38.1%
3.5%
3.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.9%
8.9%
19.5%
19.5%
57.9%
57.9%
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.1%
64.1%
8.8%
8.8%
4.2%
4.2%
22.9%
22.9%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
7.8%
7.8%
17.6%
17.6%
34.4%
34.4%
24.5%
24.5%
12.8%
12.8%
0.0% 100.0%
% OF HOMES