What is the average value of a home in the 19428 zip code? Are buyers or sellers in a better position to negotiate? What is the future outlook for residential real estate in 19428? We have the answers (at least according to Zillow.com). Note that the report is dated as of December 31, 2017.
The Zillow Home Value Index put the current median valuation of homes in 19428 as $283,400. That is a plus 1.6% over the previous 12 months. The forecast for the next 12 month is plus 2.63%.
The numbers are based on Zillow.com’s Zestimate, which is a home’s estimated market value, computed using a proprietary formula. It is not an appraisal.
The actual median listing price is $349,750.
Zillow.com’s report puts states that the market currently favors sellers. That determination is “Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area.”
The 19428 zip code includes all of the Borough of Conshohocken, all of the Borough of West Conshohocken, sections of Plymouth Township and Whitemarsh Township, plus small parts of Lower Merion Township and Upper Merion Township.
You can read the full report here.