Real Estate Market Update for Kennett Square, PA

Video: Real Estate Community Tour for Kennett Square, PA

See Real estate community tour for Kennett Square, PA
Welcome to March's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was up 13% from one year earlier, and up 12% 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 440-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 62%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 410-thousand dollars. The number of units sold increased 71% year-over-year, and increased 85% 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 Kennett Square, PA
Area Information for Kennett Square, PA
  • Population: 6,227
  • Median Age: 31.75 yr
  • Median Commute Time: 18.94 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 5,845/sq mi
  • Population Change Since 2000: 18.25%
  • Closest Airport: Philadelphia International
  • Closest College: Goldey Beacom College
  • Closest Jr. College: Delaware Techl-community College-stanton
  • Median Household Income: $58,952
  • Annual Residential Turnover: 16.1%
  • Median Years in Residence: 3.6 yr
  • Median Home Sales Price: $199,155
  • Closest Major Sports Team: Philadelphia Flyers
  • Change Avg. Household Income Since 2000: 27%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Kennett Square, PA
Median Age: 31.75 Married: 30% Number of Households: 2,012 Households with Children: 752
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 Kennett Square, PA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Mary D Lang Elementary School 1.4 mi Public K-K 0 4
      Unionville High School 1.5 mi Public 9-12 5 4
      Charles F Patton Middle School 1.5 mi Public 6-8 5 4
      Kennett High School 1.7 mi Public 9-12 3-5 4
      Unionville El School 2.2 mi Public K-5 4-5 5
      Bancroft Elementary School 2.4 mi Public K-5 0 0
      Greenwood El School 2.4 mi Public 1-5 3 5
      Upland Country Day School 2.5 mi Private PRESCHOOL-9 0 5
      London Grove Friends Kindergarten 3.2 mi Private K-K 0 5
      Ducklings Early Learning Center 4.9 mi Private PRESCHOOL-K 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 © 2015
      Local Weather for Kennett Square, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 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.