The Wayne real estate market is on fire. Broomall is also hot, writes Joanne Drilling and Ryan Mulligan for the Philadelphia Business Journal.
Wayne ranked as Philadelphia’s hottest housing market in Greater Philadelphia for the first quarter of the year, with average home sale prices up to $1.18 million.
That’s based on the Journal’s analysis of quarterly listings and sales data from International Exchange.
Wayne was listed by the Journal as the 54th hottest housing market in the U.S.
The 19087 ZIP Code had the second-highest average sale price in the first quarter, according to Intercontinental Exchange. That’s a 57 percent rise from the same three months in 2024.
Broomall’s 19008 ZIP code was the third hottest in the region. Its $670,513 average sale price was 27 percent higher than the first quarter last year. It ranked No. 122 nationally.
Overall, home sales have dropped in recent months while listings are up, giving buyers more leverage,
Sprinkled among the sales drop, though, are hot housing markets that have sprung up locally and nationally.
Zillow reports housing inventory was up19 percent nationally in March, but still 24 percent below 2018 and 2019 levels for the spring housing market.
Find out more details about housing trends in the Philadelphia Business Journal.
Editor’s Note: This post was initially published on DELCO Today in May 2025.
