Ardmore Real Estate and the New Piazza Apartments: What It Means for Buyers and Sellers

By Josh McKnight | The McKnight Team

Ardmore is about to get its biggest apartment building ever. Construction has started on the Piazza at Ardmore, a five-story project stretching along Lancaster Avenue between Greenfield and Ardmore avenues. When it opens in February 2028, it will bring 270 new apartments and about 30,000 square feet of shops and restaurants to the heart of the Main Line. For anyone who owns a home near Ardmore or hopes to buy one, a project this size changes the math.

New supply does not show up often in a built-out place like Ardmore, which sits in Lower Merion Township in Montgomery County. So when 270 units land at once, it is worth understanding what that does to prices, rents, and the feel of the area.

What the Piazza Adds to Ardmore

The Piazza is being built by Radnor Property Group after the original partner stepped away in 2024. It will hold one, two, and three bedroom apartments wrapped around a private courtyard, plus a pool, a fitness center, and shared work space. There will be roughly 480 parking spots, and more than 100 of them will be open to the public.

The site used to hold an old Acura dealership and an IHOP. Trading a car lot for homes and storefronts is the kind of change that tends to lift a downtown. More residents within walking distance means more foot traffic for local shops, which is part of why Ardmore keeps drawing interest from people who want to live near a real Main Street.

What New Supply Does to the Ardmore Housing Market

A common worry is that hundreds of new apartments will drag down nearby home prices. History in strong suburbs points the other way. New rentals give people a way to live in Ardmore before they buy, and many of them become buyers in the same area a few years later. That keeps demand healthy.

The numbers show a market that is holding firm. In the Ardmore ZIP code of 19003, the median sale price was about $559,000 in March 2026, up 3.8% from a year earlier, according to Redfin. Homes there still sell in roughly a month. For-sale inventory stays thin, so a new building of rentals is not the same as a flood of houses hitting the market.

If you love the walkable feel but want more options, it pays to compare a few towns. Buyers who like Ardmore often look at other walkable Montgomery County spots with train access, such as Ambler, where the price of entry can run lower. Knowing the trade-offs across the county helps you spend smart.

What This Means for You

If you own a home near downtown Ardmore, the Piazza is likely a plus. A nicer, busier center tends to support property values, and more shops and restaurants make the area easier to sell when your time comes.

If you are buying, do not wait for the new apartments to soften prices, because resale houses and condos are a separate, tight market. The Ardmore real estate market rewards buyers who are ready to move when the right listing appears. Get your financing lined up early.

Thinking about buying or selling in Ardmore? Let's talk.

Frequently Asked Questions

When will the Piazza at Ardmore open?

The Piazza at Ardmore is expected to open in February 2028. Construction is underway now along Lancaster Avenue, and apartment pricing has not been set yet.

Will new apartments lower home prices in Ardmore?

It is unlikely. New rentals and resale homes are different markets, and Ardmore's for-sale inventory stays limited. The median sale price in the 19003 ZIP code was about $559,000 in March 2026, up 3.8% year over year per Redfin, which shows steady demand even with new building underway.

How much do homes cost in Ardmore right now?

The median sale price in Ardmore's 19003 ZIP code was around $559,000 in March 2026, according to Redfin. Prices vary a lot by street and home type, so a single number is only a starting point.

Is Ardmore a good place to buy a home?

Ardmore offers a walkable downtown, train access to Philadelphia, and the Lower Merion School District, which keeps demand strong year after year. Whether it fits you depends on your budget and lifestyle, and a local agent can help you compare it to nearby Montgomery County towns.