SEPTA Just Picked Housing Over Parking Near Conshohocken. Here’s Why That’s a Big Deal for Property Values
By Josh McKnight | The McKnight Team
SEPTA has reversed course on a $48 million parking garage planned near the Conshohocken rail station. Instead, the agency is now supporting transit-oriented development that will bring hundreds of apartments, retail, and jobs near existing rail service.
If you own a home anywhere within walking distance of a SEPTA station, this is the kind of policy shift that matters quietly over years.
What SEPTA Just Decided
The Philadelphia Inquirer editorial board called it a win for Southeastern Pennsylvania, and the language tells you why. Much of our region was originally built around railroads and trolley lines. Then development from the 1960s on prioritized cars. Sprawl took over. Walking became a chore. Local farmland disappeared. Transit ridership eroded.
SEPTA’s new direction near Conshohocken marks a return to the region’s traditional rail-oriented development pattern. Apartments near the train. Retail near the train. Jobs near the train. The goal is to increase ridership, address housing demand, limit sprawl, and reduce environmental impacts.
The editorial also urged SEPTA to expand the approach by partnering with private developers to accelerate the agency’s broader Reimagining Regional Rail plan. That signals more transit-oriented development is coming across the region.
Why Transit-Oriented Development Matters for Home Values
Walkable, transit-served towns command a premium in our market. They always have. The data on Conshohocken makes the point.
The April 2026 median sale price in Conshohocken Borough was $551,000 according to Bright MLS data pulled May 10, with average days on market of just 17 days. Year to date in 2026, 39 homes have closed in Conshohocken with a median price of $435,000. Inventory sits at a 2.5 month supply.
That is not an accident. Conshohocken’s value proposition is straightforward: walkable downtown, river trail, train into Center City, restaurants, jobs. Each new transit-oriented development project compounds those advantages.
The same logic applies to Ardmore, Ambler, Lansdale, Glenside, and any other Main Line or Norristown High Speed Line town. Towns built around stations tend to outperform towns that turned away from them.
What This Means for You
If you own a home within a 10-minute walk of a SEPTA station, you own a long-term asset that gets more valuable as policy moves in this direction. That is true in Conshohocken. It is true in Ambler. It is true in Ardmore. It is true in Glenside.
If you are buying in Montgomery County or the suburbs of Philadelphia in 2026, the walkable, transit-served towns are where I tell my clients to focus first when their lifestyle and commute support it. The premium is real, but the long-term value is real too.
If you are selling, lean into the walkability. Mention the train. Mention the trail. Mention the coffee shop two blocks away. These are the details that move price up in towns where transit is part of the daily life.
SEPTA picked housing over parking. That is a small headline with long-term consequences for your home value.
Thinking about buying or selling in Conshohocken or anywhere along the Main Line? Let’s talk.
