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Fort Washington's Median Home Price Fell 11%. The Price Per Square Foot Didn't.

Fort Washington's Median Home Price Fell 11%. The Price Per Square Foot Didn't.

If you have been watching Fort Washington from a distance this summer, the headline number looks like trouble. The median sale price over the three months ending in June 2026 came in at $667,000, down 11 percent from the same window a year earlier. On a portal scroll, that reads as a market cooling off. A buyer might see it as leverage. A seller might see it as a reason to panic about pricing.

Neither read holds up once you look one line down. Over that same stretch, the median price per square foot in Fort Washington actually rose, up 6.4 percent to $300. Those two numbers cannot both describe a market where values are falling. They describe a market where the mix of what sold changed, not the worth of what stayed. That distinction matters if you are comparing Fort Washington against Dresher, Maple Glen, or any other section of Upper Dublin Township right now, because the median alone will send you looking in the wrong direction.

What the Numbers Actually Show

Here is the fuller picture from the same trailing three-month window ending June 2026:

Metric Trailing 3 months ending June 2026 Year-over-year change
Median sale price $667,000 Down 11.0%
Median price per square foot $300 Up 6.4%
Average days on market 39 days Up from 14 days
Homes sold in June 18 Flat versus June 2025
Average sale-to-list ratio About 2% above asking Still favors sellers

A median price is a snapshot of whichever homes happened to close in a given window. It does not adjust for size, condition, or lot. When a run of smaller or more modestly finished homes sells in the same period as fewer large estate-style properties, the median drops even though nothing about per-square-foot value has moved. That is almost certainly what happened here. Price per square foot is the number that isolates value from mix, and it went the opposite direction of the headline figure.

The days-on-market number tells a real story too, just not the one the median suggests. Homes are taking nearly three times as long to sell as they did a year ago, up from 14 days to 39. But the sale-to-list ratio has not collapsed. Homes are still closing around 2 percent above asking on average. That combination, a slower pace paired with continued above-ask outcomes, describes a market where good listings still win, they just take longer to find their buyer. That is a very different situation than a market where sellers are cutting price to move inventory.

The New Supply Arriving Right on Schedule

Part of why the pace has stretched may be sitting in the pre-leasing office rather than the MLS. Two sizable apartment communities are opening in Upper Dublin Township on almost the same calendar. Luxor Lifestyle Apartments Fort Washington began pre-leasing in June 2026 with move-ins starting in December. J Veridian Upper Dublin, a separate new community built on sixteen acres of green space within the township, is leasing units of its own right now, adding a second fresh option to the same rental pool.

Neither of these projects competes directly with a single-family resale listing on paper. But the buyer pool for Fort Washington is not perfectly sorted into renters and owners. A share of the people who would have stretched into a starter single-family home this year now have a well-built, newly delivered rental alternative sitting a few minutes away, with a lease that starts in December instead of a mortgage that starts whenever a closing lands. If even a modest slice of that marginal buyer pool decides to wait and rent while the market sorts itself out, sellers see it first in the calendar. Listings sit a little longer, not because interest has dried up, but because the buyers who remain are less rushed.

I want to be careful about how far to push this. Nobody has published a study linking these two lease-up timelines to Fort Washington's days-on-market increase. But the timing lines up closely enough that any seller comparing this year's pace to last year's should know the new supply exists before assuming something is wrong with their price or their listing.

The Longer Game: A Turnpike Ramp Ten Years in the Making

While the resale market absorbs new rental competition in the short term, something larger is reshaping Fort Washington's long-term position. In July 2026, a new direct access ramp opened at the Pennsylvania Turnpike's Fort Washington interchange, connecting straight into the Greater Fort Washington District, the redevelopment now underway on the former Fort Washington Office Park. The Philadelphia Inquirer reported that the new "zip ramp" gives direct in-and-out access from the turnpike to the 536-acre district, a project Upper Dublin's municipal authority has spent roughly $45 million preparing over the past decade, with about 70 percent of that funding coming from state and county transportation grants.

That district already spans about 6 million square feet of commercial space and has drawn tenants including Lifetime Fitness and the headquarters of TruMark Credit Union. Kurt Ferguson, the municipal authority's executive director, called the ramp opening a milestone for the township, and it is easy to see why. A one-lane, one-way slip ramp is a small piece of concrete, but it is the kind of infrastructure that quietly raises the ceiling on what an aging office park can become, and by extension, on what the neighborhoods around it are worth to hold onto.

This is not a short-term price driver. Nobody buying a home in Fort Washington this fall should expect the zip ramp to move a comparable sale next spring. What it does is answer a longer question that move-up buyers often ask me directly: is this area still worth betting on for the next decade. A township willing to spend $45 million clearing the way for a mixed-use district, and a state and county willing to fund most of it, is a township still investing in itself. That is worth more to a buyer thinking five or ten years out than any single quarter's median price.

What This Means If You Are Buying or Selling Right Now

If you are selling in Fort Washington this fall, do not price off the median alone. Price off comparable homes of similar size and condition, and expect the process to take longer than it did a year ago even if your home is well prepared. A slower calendar is not a signal to cut price preemptively. It is a signal to be patient with a listing that is priced and presented correctly, and to have your agent walk you through price-per-square-foot comparables rather than headline medians when you are setting expectations.

If you are buying, the stretched days-on-market window works in your favor more than it has in recent years. You have more room to negotiate on timeline and contingencies than a buyer would have had when homes were closing in two weeks. Just do not mistake that room for falling values. The per-square-foot number says this market has not softened, it has only slowed down.

And if you are weighing Fort Washington against a neighboring section of Upper Dublin Township, factor in what is arriving over the next several years, not just what closed last quarter. New rental supply this winter. A turnpike connection that just opened. A commercial district that is still adding tenants. None of that shows up in a median sale price, and all of it shapes what this neighborhood looks like the next time you check.

A Few Quick Questions

Does the median price drop mean I should lower my asking price? Not on its own. Compare your home against similar-sized recent sales using price per square foot rather than the neighborhood-wide median, which can shift based on which homes happened to sell in a given window.

Will the new apartment communities hurt home values in Fort Washington? There is no evidence of that in the current data. Price per square foot is up, not down. The apartments may be absorbing some marginal buyer demand and slowing the pace of sales, which is a different effect than lowering value.

Is the turnpike ramp going to raise my home's value right away? Infrastructure investment of this scale tends to show up in long-term demand and commercial activity before it shows up in next quarter's comparable sales. Treat it as a reason for confidence in the area's direction, not a near-term price catalyst.

If you are trying to make sense of what a listing is really worth in this market, or you want a straight read on how Fort Washington compares to the rest of Upper Dublin Township before you make a move, I am happy to walk through it with you. Diane Reddington has been pricing and negotiating homes in this market for more than 39 years, and I would rather give you the full picture than the headline number. Let's Connect.

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Work with Diane Reddington, the #1 Coldwell Banker Agent in Pennsylvania. Renowned for her exceptional negotiation skills, Diane consistently secures the strongest possible outcomes while keeping her clients’ best interests at the forefront. Combined with her attentive, client-focused approach and deep local expertise, she provides clear, confident guidance at every step of the buying or selling process.

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