Real Estate Market Update for 19403 (Norristown, PA)

Video: Real Estate Community Tour for 19403 (Norristown, PA)

See Real estate community tour for 19403 (Norristown, PA)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 42% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 48%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold decreased 14% year-over-year, and increased 12% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
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Map Information for 19403 (Norristown, PA)
Area Information for 19403 (Norristown, PA)
  • Population: 45,048
  • Median Age: 42.96 yr
  • Median Commute Time: 25 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 1,898/sq mi
  • Population Change Since 2000: 8.86%
  • Closest Airport: Philadelphia International
  • Closest College: Ursinus College
  • Closest Jr. College: Itt Technical Institute
  • Median Household Income: $76,692
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $221,500
  • Closest Major Sports Team: Philadelphia Union
  • Change Avg. Household Income Since 2000: 38.39%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 19403 (Norristown, PA)
Median Age: 42.96 Married: 45% Number of Households: 17,929 Households with Children: 5,130
    • 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 19403 (Norristown, PA)

      School Name Distance Type Grades School Rating Parent Rating
      Visitation Bvm School 0.3 mi Catholic PRESCHOOL-8 0 0
      The Malvern School Of West Norriton 0.4 mi Private - 0 0
      Kids In The Village Early Learning Center 1.0 mi Private PRESCHOOL-K 0 0
      Short Stuff & Co 1.1 mi Private PRESCHOOL-K 0 0
      Norristown Area High School 1.2 mi Public 9-12 2 3
      Magic Moments For Children 1.2 mi Private PRESCHOOL-K 0 0
      The Pathway School 1.3 mi Private UNGRADE-UNGRADE 0 0
      Whitehall Elementary School 1.3 mi Public K-4 1 0
      Eagleville El School 1.4 mi Public K-4 4 0
      Woodland El School 1.5 mi Public K-4 4 0
      Jeffersonville Country Day School 1.5 mi Private PRESCHOOL-K 0 0
      Methacton High School 1.8 mi Public 9-12 5 4
      Marshall Street Elementary School 1.8 mi Public K-4 1 0
      Valley Forge Children''s Academy 2.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      Skyview Upper El School 2.4 mi Public 5-6 0 0
      Arcola Intrmd School 2.4 mi Public 7-8 5 0
      St Andrews Nursery School 2.6 mi Private - 0 0
      Audubon El School 2.6 mi Public K-4 4 0
      Paul V Fly Elementary School 3.1 mi Public K-4 2 0
      Regina Lumenis Academy 3.1 mi Catholic K-12 0 0
      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: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for 19403 (Norristown, PA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.