Real Estate Market Update for 19401 (Norristown, PA)
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Welcome to September's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 12% from one year earlier, and did not change from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 130-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 4%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 140-thousand dollars. The number of units sold increased 35% year-over-year, and decreased 21% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 19401 (Norristown, PA)
Area Information for 19401 (Norristown, PA)
  • Population: 42,561
  • Median Age: 32.81 yr
  • Median Commute Time: 19.34 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 7,056/sq mi
  • Population Change Since 2000: 12.64%
  • Closest Airport: Philadelphia International
  • Closest College: Reformed Episcopal Seminary
  • Closest Jr. College: Montgomery County Cmnty Cllg-blue Bell
  • Median Household Income: $49,449
  • Annual Residential Turnover: 22.96%
  • Median Years in Residence: 2.85 yr
  • Median Home Sales Price: $123,500
  • Closest Major Sports Team: Eagles
  • Change Avg. Household Income Since 2000: 26%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 19401 (Norristown, PA)
Median Age: 32.81 Married: 23% Number of Households: 15,443 Households with Children: 4,777
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 19401 (Norristown, PA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Our Lady Of Victory Regional School 0.1 mi Catholic PRESCHOOL-8 0 4
      Kennedy Kenrick Catholic High School 0.2 mi Catholic 9-12 0 4
      Hancock El School 0.5 mi Public K-4 2 3
      Cole Manor El School 0.7 mi Public K-4 2 3
      Eisenhower Middle School 0.9 mi Public 5-8 1 3
      Kindercare Learning Center 1.0 mi Private PRESCHOOL-K 0 0
      Roosevelt Altern School 1.1 mi Public 9-12 0 1
      Penn Christian Academy 1.2 mi Private PRESCHOOL-8 0 4
      Gotwals El School 1.3 mi Public K-4 2-5 2
      East Norriton Middle School 1.8 mi Public 5-8 2 3
      St. Francis Of Assisi School 1.9 mi Catholic PRESCHOOL-8 0 4
      Stewart Middle School 2.0 mi Public 5-8 1 2
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 19401 (Norristown, PA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.