Buying a home has become more difficult for millennial couples who often find themselves priced out of the modern-day housing market.

A house on the Main Line can run close to $1 million after prices jumped 37 percent last year, writes Caroline O’Halloran for Savvy Main Line.

A 3,100 square-foot home in Wayne is currently listed for $950,.000. It sold in 1999 for $325,000.

Gladwyne is still the priciest zip code on the Main Line, followed by Villanova, Easttown, and Radnor.

The problem remains a shortage in inventory, down about 25 percent over last year.

People are staying out of the market who would ordinarily be trading up or downsizing because of concern about climbing interest rates and higher prices.

New construction is also down, with less available land and higher costs for developers.

Realtors say some properties can go for $50,000 to $100,000 over asking.

“It’s heartbreaking,” said Long & Foster agent Sue McNamara “They fall in love with a house. They really want it.”

The difficulties in the housing market have kept buyers in the rental market. New Main Line apartments are leasing at 90 percent.

Read more about the real estate crunch for millennials buying a home at Savvy Main Line.