Why Live in Merion Station
Merion Station, located in Lower Merion on the Main Line, is a historic yet forward-looking suburban neighborhood near Philadelphia. Known for its stately homes, the area features a mix of century-old neo-Colonial estates, Tudor-influenced twins, and modern Traditional constructions, often with timber and stone exteriors. The neighborhood is well-suited for tech, financial, and pharmaceutical professionals due to its convenient commuting options, including SEPTA's Paoli-Thorndale rail line and proximity to Route 1. Merion Station is home to highly rated schools within the Lower Merion School District, including Merion Elementary, Cynwyd Elementary, Bala Cynwyd Middle School, Lower Merion High School, and Harriton High School. The area also has private schooling options like Waldron Mercy Academy and Kohelet Yeshiva High School.
Green spaces such as General Wayne Park and Merion Botanical Park offer recreational activities and tranquil walking paths. The nearby Fairmount Park provides additional outdoor opportunities and hosts events like concerts at the Mann Center and the annual Regatta on the Schuylkill River. Local amenities include long-standing establishments like Hymie's Deli and Babis Pharmacy, as well as ACME Markets for grocery needs. The neighborhood has a low crime risk compared to the national average, adding to its appeal for families and professionals alike.
Merion Station is fairly walkable and bikeable, though many residents prefer driving. Philadelphia International Airport is approximately 14 miles away, accessible by car or SEPTA. The community also includes parts of Saint Joseph's University, where students actively participate in local volunteer programs. With its historical charm and modern conveniences, Merion Station offers a balanced and vibrant living environment.
Frequently Asked Questions
What is the average home price in Merion Station, PA?
Homes for sale in Merion Station, PA have an average home price of $1,119,343.
Are home prices dropping in Merion Station?
Yes, home prices in Merion Station are down 9% in the last 12 months.
How many homes have sold over the last 12 months in Merion Station, PA?
18 homes have sold in Merion Station, PA over the last 12 months.
What are the most popular zip codes in Merion Station, PA?
How much do you need to make to afford a house in Merion Station?
The median home price in Merion Station is $995,000. If you put a 20% down payment of $199,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $5,170 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $222K a year to afford the median home price in Merion Station.
How are the schools in Merion Station, PA?
Home Trends in Merion Station, PA
On average, homes in Merion Station, PA sell after 58 days on the market compared to the national average of 50 days. The median sale price for homes in Merion Station, PA over the last 12 months is $945,000, down 14% from the median home sale price over the previous 12 months.
Median Sale Price
$945,000
Median Single Family Sale Price
$995,000
Average Price Per Sq Ft
$349
Number of Homes for Sale
3
Last 12 months Home Sales
18
Median List Price
$995,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-14%