Real Estate
Yardley Among Most Rapidly Growing Home Prices: Report
A new report analyzes the state's fluctuating real estate market. Yardley is among the towns where prices are growing the fastest.
YARDLEY, PA — Pennsylvania's suburbs are rapidly changing and growing. And the Yardley area is among those towns when it comes to home price values.
A new report compiled by media organization Stacker uses Zillow data on home prices to find out how the state's real estate demographics have fluctuated over the past year.
The Yardley area, which includes Lower Makefield Township, ranked No. 33 in the report.
Find out what's happening in Yardleyfor free with the latest updates from Patch.
Specifically, the report zeroes in on the cities in Pennsylvania with the fastest-growing home price. The overwhelming bulk of cities with the fastest-growing prices are in the greater Philadelphia area, which has 32 in the top 50.
The Yardley area's typical home value was $552,390 with a 1-year price change that increased by $42,627 (8.4 percent) and a 5-year price change that increased by $174,723, or 46.3 percent, the report states.
Find out what's happening in Yardleyfor free with the latest updates from Patch.
Several other towns in Lower Bucks County were represented in the report.
They include Ivyland and Northampton Township.
Here's a glance at the Top 10:
1. Cheyney - average home value: $724,424, 1-year price change of $85,640 (+13.4%)
2. Bryn Mawr - average home value:: $840,824- 1-year price change of $78,252 (+10.3%)
3. Chester Springs - average home value: $674,102 - 1-year price change of $70,083 (+11.6%)
4. Garnet Valley - average home value: $626,253 - 1-year price change of $66,455 (+11.9%)
5. Malvern - average home value: $678,705 - 1-year price change of $65,138 (+10.6%)
6. Glen Mills - average home value: $639,723 - 1-year price change of $63,901 (+11.1%)
7. Pocono Pines - average home value: $489,294- 1-year price change of $63,220 (+14.8%)
8. Wynnewood - average home value: $706,191- 1-year price change of $60,592 (+9.4%)
9. Mount Gretna - average home value: $385,492- 1-year price change of $60,113 (+18.5%)
10. New Hope - average home value: $821,724- 1-year price change of $59,750 (+7.8%)
See the full report on Stacker here.
Patch Writer Justin Heinze contributed to this story.
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