The housing market in Willow Grove, PA is doing very well. The median value of houses in Willow Grove is $356,100, which is slightly higher than the national median value of $338,100. Additionally, the 1 year house appreciation rate for the US is 8.27% whereas the rate for Willow Grove is 11.01%. This shows that there has been a significant increase in housing prices over the past year in Willow Grove compared to the national average. Therefore, it can be seen that investing or living in real estate in Willow Grove could be an attractive option for many buyers or renters due to its ever-increasing market values and appreciation rates.
The median home cost in Willow Grove is $356,100. Home appreciation the last 10 years has been 64.0%. Home Appreciation in Willow Grove is up 12.4%.
Average Age of Homes
- The median age of Willow Grove real estate is 59 years old
The Rental Market in Willow Grove
- Renters make up 29.4% of the Willow Grove population
- 3.1% of houses and apartments in Willow Grove, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.