Lower Merion Township is a great place to live that’s easily accessible to Philadelphia. The town is home to gorgeous homes, excellent restaurants, convenient shopping, a highly rated school district, and easy access to Center City via car and train. Search all Lower Merion homes for sale here
Lower Merion is popular for people who want to live in suburban Philadelphia and have a short commute to Center City. The township borders northwest Philadelphia near Manayunk and the commute to Center City by train is just about 15-20 minutes from the closest parts of the township.
The average home for sale in Lower Merion is a 4 bed/3 bath detached home with 3800 square feet. Throughout the town you’ll find Colonial-style homes that were built in the early part of the 20th century. Colonials are the most common style of home in Lower Merion. You’ll also find a number of Cape Cods, Split-Levels, and other styles.
Luxury Homes for Sale in Lower Merion
Throughout Lower Merion you’ll find plenty of luxury homes, mansions, and estates. Many homes sell for around $2,000,000. In 2020, 31 homes sold for $2,000,000 or more. The highest price for a home in 2020 was $7.3 million.
New Construction Homes for Sale in Lower Merion
The vast majority of homes in Lower Merion are resales, but there are some new builds. New construction makes up less than half of one percent of homes sold in Lower Merion. New construction homes in Lower Merion have ranged from just over $800,000 to almost $4,000,000. The average price for new construction homes in Lower Merion is just below $1.7 million.
The Real Estate Market in Lower Merion
The Lower Merion real estate market is a strong seller’s market. Prices for detached homes typically begin around $300,000 and many homes sell for $2,000,000 or more. Half of the homes in Lower Merion sell for over $790,ooo. The chart below shows the median sales price for homes in Lower Median over the past year.
Homes for sale in Lower Merion sell quickly. The average days on market is 43 days. The median days on market is 10 days which means that half the homes sold in Lower Merion go under contract within 10 days of being listed. Sellers can expect multiple offers and quick sales for homes that are priced right for their location and condition. Buyers should expect bidding wars and be prepared to offer over the asking price and have amazing terms.
Living in Lower Merion
Lower Merion is a suburban town that borders northwest Philadelphia. The township is on Philadelphia’s Main Line, the name for the communities along the first commuter train line from Center City. The Main Line extends from Bala Cynwyd to the Paoli/Thorndale station.
Many of the communities in Lower Merion have central shopping districts with local restaurants and boutiques making many areas very walkable. Throughout Lower Merion you’ll find easy access to shopping, restaurants, and parks.
Lower Merion Towns and Communities
There are several different communities within Lower Merion Township. The chart below has links to homes for sale and more information about each of the major towns in Lower Merion. Narberth is not part of Lower Merion Township, though it is surrounded by the town and is part of the Lower Merion School District.
Lower Merion Communities
|Belmont Hills||Merion Station||Lower Merion|
|Bryn Mawr||Penn Valley||Philadelphia|
Things to Do in Lower Merion
Throughout Lower Merion you’ll find plenty of parks and historic sites. There are plenty of kid-friendly parks with playgrounds and a number of places to get out for a hike. The Cynwyd Heritage Trail is a great spot for walking and biking that offers great views of Manayunk along the Schuylkill River. From the Cynwyd Trail you can walk or ride over the bridge to get to the shops and restaurants on Main Street in Manayunk.
A favorite activity in Lower Merion is simply strolling the streets of the central business districts and shopping at Suburban Square. These walkable central shopping areas are a major draw for residents.
If you want to get away for the day you can just take the train into Center City Philadelphia to check out everything from the historic sites to museums to the restaurants. If you want to go a bit further then the New Jersey shore and the Pocono Mountains are both just a few hours from home.
Do you want to get away for a day trip? It’s easy to get to the New Jersey shore to enjoy a day at the beach. You can also easily get to the Pocono Mountains where you’ll find hiking, fishing, skiing, and snowboarding.
One of our favorite things about the towns of Lower Merion is that several of them have centrally located shopping districts with local restaurants and boutiques. You can find these along the Main Line in Ardmore, Bryn Mawr, Bala Cynwyd, and Haverford.
In Ardmore you’ll find Suburban Square Shopping Center. The shopping center has a Trader Joe’s, plenty of upscale shops and boutiques, an Apple Store, and a Soul Cycle. In nearby Wynewood you’ll find a Whole Foods that’s easy to get to from anywhere in Lower Merion.
When living in Lower Merion it’s easy to get to the well-known world-class restaurants in Center City Philadelphia, but there’s plenty of amazing restaurants throughout the town. You’ll find an eclectic mix of local restaurants that will suit any taste. From neighborhood deli’s like Hymie’s to neighborhood gastropubs to upscale wine bars like Enoteca Tredici to Indian fare from Tiffin to Saffron Indian Kitchen, there’s so many options to explore.
The Lower Merion School District includes two high schools, two middle schools, and six elementary. Lower Merion Schools have among the lowest class size averages in the Pennsylvania and 10 Lower Merion Schools have been have been recognized for excellence both nationally and regionally.
There are several colleges in Lower Merion including Bryn Mawr College, Rosemont College, and Haveford College. St. Joseph’s University is located just across City Avenue in Philadelphia. The University of Pennsylvania and Drexel College are a short commute by train from Lower Merion, typically about 20-30 minutes.
Lower Merion Resources
Below you’ll find a list of Lower Merion resources to help you as you plan your move or consider buying a home here. These include links to public safety information, school information, transportation systems, hospitals, and more.
Buying a House in Lower Merion
Lower Merion is in a strong seller’s market with homes selling quickly, often for over the asking price. When buying a home in Lower Merion you should expect multiple offers so be prepared to make competitive offers.
Before you start looking at homes in-person, connect with an experienced Lower Merion Realtor® and get a mortgage pre-approval letter from a local lender. Your Realtor® and mortgage lender will help you narrow down neighborhoods, figure out your price range, and give you an estimate of how much to expect to pay in closing costs and other fees.
The more money you have available for a down payment the more competitive your offer will be. While 20% down is ideal, many home buyers purchase their homes with as little as 3.5% down. When you talk with a lender they will help you narrow down the best available options for you and your budget.
Would you like to connect with a Lower Merion Realtor® to discuss buying a home? Send me an email.
Selling a House in Lower Merion
Most homeowners have a lot of questions when it’s time to sell their home . . . Is it a good time to sell? How much will the house sell for? Does the home need staging? What repairs should be made before listing the house for sale? Should you sell first or buy your next home first?
For most home sellers it’s best to start with packing up the things that you’ll take with you and discarding things you no longer need. This helps de-clutter the home to make the space look as large as possible. Getting the house organized also helps the listing photos look their best.
Your real estate agent can create a specific plan for getting your home ready for the market. Each home is different and each seller’s situation is unique. If you’d like to discuss selling your home in Lower Merion, send me an email.
Realtors® in Lower Merion
Jon Miller is a Realtor® with Compass Pennsylvania. Offices are located in Center City, Chestnut Hill, and Ardmore. Jon works with a network of local real estate agents to help home buyers and sellers in Philadelphia and surrounding counties.
If you’re searching for more information please visit our blog where you can find information about living here in Lower Merion, choosing a neighborhood, and buying and selling a home.