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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 2022. 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

Bryn Mawr, PA Housing Market Trends

With 5,879 people, 1,806 houses or apartments, and a median cost of homes of $731,833, 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 35.16% of the town's housing units. Other types of housing that are prevalent in Bryn Mawr include row houses and other attached homes ( 27.37%), duplexes, homes converted to apartments or other small apartment buildings ( 19.86%), and a few single-family detached homes ( 17.61%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

Bryn Mawr is dominated by renter-occupied one, two, or no bedrooms apartments. 73.52% of Bryn Mawr's dwellings are rentals.

The housing in Bryn Mawr was primarily built before 1939 ( 40.66%), 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 ( 29.67%), followed by between 1970-1999 ( 23.47%). There's also some housing in Bryn Mawr built between 2000 and later ( 6.20%).

Vacant housing appears to be an issue in Bryn Mawr. Fully 15.21% of the housing stock is classified as vacant. Left unchecked, vacant Bryn Mawr homes and apartments can be a drag on the real estate market, holding Bryn Mawr real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Bryn Mawr Home Appreciation Rates

Real estate appreciation rates in Bryn Mawr's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.71% during the period.

Over the last year, Bryn Mawr appreciation rates have trailed the rest of the nation. In the last twelve months, Bryn Mawr's appreciation rate has been 9.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bryn Mawr were at 2.01%, which equates to an annual appreciation rate of 8.29%.

Relative to Pennsylvania, our data show that Bryn Mawr's latest annual appreciation rate is lower than 80% 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:
$731,833

Bryn Mawr, PA HOME PRICES

> $1,343,000
$1,007,001 - $1,343,000
$672,001 - $1,007,000
$537,001 - $672,000
$403,001 - $537,000
$269,001 - $403,000
$134,001 - $269,000
$67,001 - $134,000
$0 - $67,000
26.6%
26.6%
13.5%
13.5%
12.7%
12.7%
10.6%
10.6%
8.1%
8.1%
17.5%
17.5%
8.9%
8.9%
0.6%
0.6%
1.5%
1.5%
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:
1,806

Bryn Mawr Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
130.18% 3.77%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,507 / per month

Homeownership Rate

Owners
Renters
Vacant
26.5%
26.5%
73.5%
73.5%
15.2%
15.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.2%
6.2%
23.5%
23.5%
29.7%
29.7%
40.7%
40.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
17.6%
17.6%
27.4%
27.4%
19.9%
19.9%
35.2%
35.2%
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
6.6%
6.6%
18.1%
18.1%
28.4%
28.4%
28.8%
28.8%
13.1%
13.1%
5.1%
5.1%
0.0% 100.0%
% OF HOMES