Real Estate Market Update for Chambersburg, PA
Welcome to October's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 23% from one year earlier, and up 4% from the previous month. This continued upward trend reflected a healthy inventory for buyers to choose from. As you can see, the median listing price for the month was just under 180-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 11%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 160-thousand dollars. The number of units sold increased 17% year-over-year, and increased 26% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Chambersburg, PA
Area Information for Chambersburg, PA
  • Population: 20,897
  • Median Age: 36.29 yr
  • Median Commute Time: 13.96 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 3,018/sq mi
  • Population Change Since 2000: 16.85%
  • Closest Airport: Harrisburg International
  • Closest College: Wilson College
  • Closest Jr. College: Hagerstown Community College
  • Median Household Income: $39,070
  • Annual Residential Turnover: 17.62%
  • Median Years in Residence: 3.53 yr
  • Median Home Sales Price: $124,000
  • Closest Major Sports Team: Harrisburg Senators
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Chambersburg, PA
Median Age: 36.29 Married: 28% Number of Households: 8,370 Households with Children: 2,377
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 Chambersburg, PA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Chambersburg Area Senior High School 0.5 mi Public 9-12 2 1
      Buchanan El School 0.8 mi Public K-5 2-5 0
      Stevens El School 0.8 mi Public K-5 1 5
      Corpus Christi School 1.1 mi Catholic K-8 0 5
      Chambersburg Area Ms - South 1.2 mi Public 6-8 2-5 3
      Cumberland Valley Christian School 1.4 mi Private K-12 0 5
      Benjamin Chambers El School 1.4 mi Public K-6 1 0
      Franklin County Ctc 2.1 mi Public 10-12 0 0
      Falling Spring El School 2.2 mi Public K-5 2 5
      Hamilton Heights El School 2.4 mi Public K-5 2 3
      Chambersburg Area Ms - North 2.5 mi Public 8-9 2-5 2
      Nhs Human Services 2.8 mi Private 1-12 0 0
      South Hamilton El School 2.8 mi Public K-5 3 4
      Guilford Hills El School 3.7 mi Public K-5 2 5
      Montessori Academy Of Chambersburg 3.7 mi Private PRESCHOOL-8 0 5
      Shalom Christian Academy 3.9 mi Private PRESCHOOL-12 0 5
      Calvary Mennonite School 4.0 mi Private 1-10 0 0
      New Franklin El School 4.1 mi Public K-5 2 0
      Scotland El School 4.9 mi Public K-5 3 5
      Marion El School 5.1 mi Public K-5 1 3
      Grandview El School 5.5 mi Public K-5 3 0
      Portico River Brethren School 5.6 mi Private 1-10 0 0
      Culbertson Mennonite School 5.7 mi Private 1-10 0 0
      Emmanuel Christian School 6.7 mi Private 1-9 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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Chambersburg, 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.