Real Estate Market Update for Malvern, PA

Video: Real Estate Community Tour for Malvern, PA

See Real estate community tour for Malvern, PA
Welcome to November'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 1% from one year earlier, and down 8% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just over 630-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 12%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was 570-thousand dollars. The number of units sold increased 6% year-over-year, and decreased 44% 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.
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Map Information for Malvern, PA
Area Information for Malvern, PA
  • Population: 3,023
  • Median Age: 42.33 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 5
  • Sales Tax: 6%
  • Population Density: 2,398/sq mi
  • Population Change Since 2000: -.85%
  • Closest Airport: Philadelphia International
  • Closest College: Penn State Great Valley
  • Closest Jr. College: Itt Technical Institute
  • Median Household Income: $68,246
  • Annual Residential Turnover: 9%
  • Median Home Sales Price: $215,000
  • Closest Major Sports Team: Philadelphia Union
  • Change Avg. Household Income Since 2000: 16.23%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Malvern, PA
Median Age: 42.33 Married: 45% Number of Households: 1,352 Households with Children: 429
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 Malvern, PA

      School Name Distance Type Grades School Rating Parent Rating
      International Montessori Schools At Great Valley 0.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Goddard School 0.6 mi Private PRESCHOOL-K 0 0
      Chesterbrook Academy 1.1 mi Private PRESCHOOL-K 0 0
      Kathryn D Markley Elementary School 1.2 mi Public K-5 5 0
      The Malvern School 1.3 mi Private - 0 0
      Brandywine Children's House 1.3 mi Private PRESCHOOL-K 0 0
      St. Patrick School 1.4 mi Catholic PRESCHOOL-8 0 0
      Willistown Country Day School-malvern Montessori 1.4 mi Private PRESCHOOL-6 0 0
      Villa Maria Academy High School 1.4 mi Catholic 9-12 0 5
      The Phelps School 1.7 mi Private 7-12 0 0
      International Montessori Schools At Malvern 1.8 mi Private PRESCHOOL-K 0 0
      Malvern Preparatory School 1.8 mi Catholic 6-12 0 4
      Kindercare Learning Center #303038 1.9 mi Private PRESCHOOL-K 0 0
      Great Valley High School 2.0 mi Public 9-12 5 4
      Great Valley Middle School 2.0 mi Public 6-8 5 0
      Willistown Country Day School 2.0 mi Private PRESCHOOL-6 0 0
      The Malvern School Of Malvern 2.1 mi Private - 0 0
      Sugartown El School 2.2 mi Public K-5 4 0
      General Wayne El School 2.3 mi Public K-5 4 0
      Building Blocks Learning Child Dev Ctr 2.4 mi Private - 0 0
      Charlestown El School 2.4 mi Public K-5 4 0
      Christ Memorial Lutheran School 2.5 mi Private PRESCHOOL-K 0 0
      The Crossroads School 2.8 mi Private - 0 0
      The Beneto Center 2.8 mi Private 4-12 0 0
      Devereux Mapleton Schools 2.8 mi Private 1-12 0 0
      Vanguard School 2.8 mi Private UNGRADE-UNGRADE 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 SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Malvern, 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.