Drive through Five Points in Montgomery Township this month and something is missing. No flaggers. No temporary signal heads swinging on wires. No detour signs routing you west on Broad Street because the intersection is closed for overnight paving. For the first time since December 2023, the convergence of Bethlehem Pike, Horsham Road, Cowpath Road, and Doylestown Road just moves.
PennDOT made it official on August 11, 2026: major construction on the $14.6 million Five Points Intersection Improvement Project is complete. That is a specific, recent, verifiable fact. The question now is how nearly three years of construction friction affected how buyers valued homes near that corridor, and what removing it may mean for the market.
What PennDOT Actually Finished
The scope of the project explains why it took as long as it did:
- Approach lanes at the intersection went from 15 to 18, with additional through lanes added on both directions of Route 463 and on southbound Route 309
- New traffic signals were installed on overhead monotube structures, replacing the old signal poles
- Sidewalks were added along Routes 309 and 463 to connect to existing walking routes in the area
- Drainage, lighting, and several adjacent driveways were rebuilt to accommodate the wider roadway
Work began in December 2023. Final paving closures ran as recently as late July 2026, closing the intersection overnight to through traffic while crews finished milling and repaving. PennDOT's own project listing still shows an overall completion date of May 2027, since some minor punch-list items remain. But the disruptive part, the part that actually shaped how people experienced driving through Montgomery Township, is done.
How Construction May Have Affected Nearby Resales
Here is the part that matters for anyone reading a listing sheet right now. A construction zone that runs for two and a half years does not show up as a line item on a comparative market analysis. It shows up as hesitation. A buyer touring a home a half mile off Bethlehem Pike does the same math a commuter does: how many minutes does this add twice a day, every day, for as long as I own this house. For most of the last three years in Montgomery Township, the honest answer near Five Points was more minutes than the listing photos would ever suggest.
That kind of friction can affect negotiations without appearing as a separate line item. It may soften offers, stretch days on market, or nudge a buyer toward a comparable home a few streets over that does not require navigating a lane-shift pattern to get to Route 309. None of that friction was permanent. It was tied to a construction timeline that had an end date, even if that end date kept moving. Now that the major work is finished, the discount tied to it should start to unwind. The trouble is that unwinding takes time to show up in closed sales, because most of the comps a buyer or a lender will pull over the next several months were still priced while the intersection was a construction zone.
Two New-Construction Bets Already Priced Past the Finish Line
While resale listings were still catching up to construction-zone reality, at least two builders in Montgomery Township were pricing homes as if Five Points were already behind them.
Palmer's Corner, a new single-family community marketed within Montgomery Township and the North Penn School District, is offering four-bedroom homes on half-acre-plus lots ranging from about 2,729 to 3,340 square feet, priced between $958,000 and $1,158,000, with delivery originally slated for summer 2026, a window that has just closed. WB Homes is building townhomes at Towns at Higher Rock in Montgomeryville, marketed specifically on convenient access to Routes 309 and 202, the same corridor that runs directly through the intersection PennDOT just finished.
Put those numbers next to the resale side of the township and the gap is hard to ignore.
| Price point | Product | Timing | |
|---|---|---|---|
| Palmer's Corner (new construction) | $958,000 to $1,158,000 | 2,729 to 3,340 sq ft, half-acre-plus lots | Delivery originally slated for summer 2026 |
| Montgomeryville resale median | Roughly $345,000 as of December 2025 | Mix of existing single-family and townhomes | Listing snapshot |
That is not a typo, and it is not the same market segment. It is two different products serving two different buyers under the same township name. New construction at Palmer's Corner is a bet that a half-acre lot with a finished intersection nearby is worth building toward now. The resale median reflects an older housing stock that, until last month, still carried some memory of orange barrels.
Why the Median You're Seeing Doesn't Agree With Itself
If you go looking for a single number that tells you what a home in Montgomery Township is worth right now, you will find more than one answer, and they will not agree. One widely cited figure puts the township's median price at $450,000 as of May 2025, based on just five recorded sales for the month, with a reported 85 percent jump from the prior year. A swing that large off a five-home sample is not a market trend. It is what happens when a tiny data set gets treated like a large one. Separately, Montgomeryville-specific listing data from December 2025 puts the median closer to $345,000, a figure that appears to blend older resale housing stock with smaller townhomes rather than the new half-acre single-family product coming online at Palmer's Corner.
Neither number is wrong exactly, but neither is complete either. They are measuring different slices of the same township at different moments, and averaging them into a single headline figure would erase the exact story that matters here: a resale market still catching up to a finished intersection, and a new-construction market that already priced the fix in.
This lines up with a broader pattern across Montgomery and Bucks County in 2026. Regional sales-volume tracking shows detached home transactions running close to 2024's full-year low, a slowdown widely attributed to the rate lock-in effect, where owners holding 3 percent mortgages have little incentive to sell into a market with rates still meaningfully higher. Fewer resale sellers means fewer fresh comps, which means the friction discount tied to Five Points has even less recent data working to correct it. New construction, unencumbered by an existing low-rate mortgage, is filling a gap that resale inventory currently cannot.
What This Means If You're Comparing Montgomery Township to the Neighbors
If you are cross-shopping Montgomery Township against Warrington, Horsham, or North Wales, the intersection fix is worth weighing as a forward-looking factor rather than something already baked into today's asking prices. A resale home within a mile or two of Five Points that lingered on the market last year, or sold below asking, may have been carrying commute friction that no longer exists. That is not a guarantee of appreciation. It is a reason to look at a listing's history with fresh eyes rather than assume last year's price behavior still reflects current conditions.
For sellers in that same radius, this is a moment to make sure a listing's marketing acknowledges what changed. A buyer touring homes this fall will not automatically know that the intersection they just drove through smoothly used to be a two-and-a-half-year construction zone. That context is worth stating plainly, because right now it is not showing up in the comps doing the talking for you.
A Couple of Questions Worth Answering Directly
Is Five Points actually finished, or just mostly finished? PennDOT's announcement specifically covers major construction, meaning the disruptive lane closures, detours, and overnight paving are done. The agency's project listing still carries a formal completion date of May 2027 for remaining minor work, but for a homeowner or buyer, the part that affected daily driving is behind you.
Will nearby home values move right away? Not necessarily, and not evenly. Price adjustments tied to a friction discount tend to show up gradually, as new listings come to market without the caveat and as buyers stop factoring in a construction timeline that no longer applies. The more immediate effect is on how a listing should be marketed and negotiated, not on a single overnight jump in value.
The intersection is fixed. The market's memory of it is not, at least not yet. If you are trying to figure out what your home near that corridor is actually worth today, or how a Montgomery Township comparison stacks up against a neighboring township, that is exactly the kind of read where a general online estimate will not catch the nuance. Brandon Byrne tracks this corridor closely enough to know the difference. Get Your Instant Home Valuation and let's talk about what the numbers actually mean for your situation.
