Bryn Mawr, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Bryn Mawr, PA Housing Market Trends

With a population of 3,808, 1,254 total housing units (homes and apartments), and a median house value of $469,255, Bryn Mawr house prices are not only among the most expensive in Pennsylvania, Bryn Mawr real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Bryn Mawr, accounting for 41.51% of the town's housing units. Other types of housing that are prevalent in Bryn Mawr include row houses and other attached homes ( 20.83%), single-family detached homes ( 19.59%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 18.07%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Bryn Mawr is dominated by renter-occupied one, two, or no bedrooms apartments. 73.21% of Bryn Mawr's dwellings are rentals.

The housing in Bryn Mawr was primarily built before 1939 ( 52.47%), making the housing stock in Bryn Mawr some of the oldest overall in America, although there is a range of ages of homes in Bryn Mawr. The next most important housing age is between 1940-1969 ( 26.34%), followed by between 1970-1999 ( 19.23%). There's also some housing in Bryn Mawr built between 2000 and later ( 1.96%).

Bryn Mawr Home Appreciation Rates

Appreciation rates for homes in Bryn Mawr have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 42.44%, which ranks in the top 50% nationwide. This equates to an annual average Bryn Mawr house appreciation rate of 3.60%.

NeighborhoodScout's data show that during the latest twelve months, Bryn Mawr's appreciation rate, at 8.79%, has been at or slightly above the national average. In the latest quarter, Bryn Mawr's appreciation rate has been 3.48%, which annualizes to a rate of 14.65%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Bryn Mawr differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bryn Mawr - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bryn Mawr real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$469,255

Bryn Mawr, PA HOME PRICES

> $1,181,000
32.0%
32.0%
$886,001 - $1,181,000
16.2%
16.2%
$591,001 - $886,000
7.6%
7.6%
$472,001 - $591,000
6.6%
6.6%
$354,001 - $472,000
5.6%
5.6%
$236,001 - $354,000
20.9%
20.9%
$118,001 - $236,000
7.1%
7.1%
$59,001 - $118,000
2.5%
2.5%
$0 - $59,000
1.6%
1.6%
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:
1,254

Bryn Mawr Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
96.81% 3.20%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,760 / per month

Homeownership Rate

Owners
26.8%
26.8%
Renters
73.2%
73.2%
Vacant
9.0%
9.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.0%
2.0%
1970 - 1999
19.2%
19.2%
1940 - 1969
26.3%
26.3%
1939 or Older
52.5%
52.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
19.6%
19.6%
Townhomes
20.8%
20.8%
Small Apt. Buildings
18.1%
18.1%
Apt. Complexes
41.5%
41.5%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.0%
4.0%
1 Bedroom
14.9%
14.9%
2 Bedrooms
36.6%
36.6%
3 Bedrooms
21.3%
21.3%
4 Bedrooms
13.2%
13.2%
5 or more bedrooms
10.0%
10.0%
0.0% 100.0%
% OF HOMES