Real Estate Market Update for Norristown, PA

Video: Real Estate Community Tour for Norristown, PA

See Real estate community tour for 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 25% from one year earlier, and up 10% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 14%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 170-thousand dollars. The number of units sold increased 29% year-over-year, and increased 38% 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 Norristown, PA
Area Information for Norristown, PA
  • Population: 40,459
  • Median Age: 35.35 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 6,707/sq mi
  • Population Change Since 2000: 7.39%
  • Closest Airport: Philadelphia International
  • Closest College: Reformed Episcopal Seminary
  • Closest Jr. College: Itt Technical Institute
  • Median Household Income: $48,254
  • Annual Residential Turnover: 11%
  • Median Home Sales Price: $106,000
  • Closest Major Sports Team: Philadelphia 76ers
  • Change Avg. Household Income Since 2000: 21.73%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Norristown, PA
Median Age: 35.35 Married: 32% Number of Households: 14,930 Households with Children: 4,316
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 Norristown, PA

      School Name Distance Type Grades School Rating Parent Rating
      The Pathway School 0.5 mi Private UNGRADE-UNGRADE 0 0
      Jeffersonville Country Day School 0.6 mi Private PRESCHOOL-K 0 0
      Magic Moments For Children 0.7 mi Private PRESCHOOL-K 0 0
      Short Stuff & Co 1.0 mi Private PRESCHOOL-K 0 0
      Marshall Street Elementary School 1.1 mi Public K-4 1 0
      Woodland El School 1.3 mi Public K-4 4 0
      Stewart Middle School 1.3 mi Public 5-8 1 0
      Caley Elementary School 1.3 mi Public K-4 4 0
      Visitation Bvm School 1.4 mi Catholic PRESCHOOL-8 0 0
      St. Francis Of Assisi School 1.5 mi Catholic PRESCHOOL-8 0 0
      The Lincoln Center 1.7 mi Private 7-12 0 0
      Whitehall Elementary School 1.7 mi Public K-4 1 0
      Norristown Area High School 1.8 mi Public 9-12 1 3
      For Kids Sake Child Care & Learning Center 1.9 mi Private PRESCHOOL-K 0 0
      Upper Merion High School 2.0 mi Public 9-12 5 3
      Upper Merion Middle School 2.0 mi Public 5-8 4 4
      Candlebrook Elementary School 2.1 mi Public K-4 5 0
      Audubon El School 2.2 mi Public K-4 5 0
      Mother Divine Providence School 2.2 mi Catholic PRESCHOOL-8 0 0
      Kindercare Learning Center 2.2 mi Private PRESCHOOL-K 0 0
      Roosevelt Altern School 2.2 mi Public 9-12 1 0
      Valley Forge Children''s Academy 2.2 mi Private PRESCHOOL-K 0 0
      Gotwals Elementary School 2.2 mi Public K-4 1 0
      Eisenhower Middle School 2.5 mi Public 5-8 1 0
      Pa Virtual Charter School 2.5 mi Public K-12 2 4
      Bridgeport Elementary School 2.6 mi Public PRESCHOOL-4 2 0
      Kids In The Village Early Learning Center 2.6 mi Private PRESCHOOL-K 0 0
      Eagleville El School 2.8 mi Public K-4 4 0
      Arcola Intrmd School 2.8 mi Public 7-8 5 0
      Skyview Upper El School 2.8 mi Public 5-6 0 0
      Hancock Elementary School 2.9 mi Public K-4 1 0
      Cole Manor Elementary School 3.1 mi Public K-4 2 0
      Kennedy Kenrick Catholic High School 3.2 mi Catholic 9-12 0 0
      Methacton High School 3.2 mi Public 9-12 5 4
      Ray S. Musselman Learning Center 3.2 mi Public K-K 0 0
      Fairview Village Adventist School 3.3 mi Private 1-8 0 0
      Our Lady Of Victory Regional School 3.4 mi Catholic PRESCHOOL-8 0 0
      Goddard School 3.5 mi Private PRESCHOOL-K 0 0
      St. Gabriels Hall 3.6 mi Catholic UNGRADE-UNGRADE 0 0
      East Norriton Middle School 3.7 mi Public 5-8 2 0
      Penn Christian Academy 3.7 mi Private PRESCHOOL-8 0 0
      Kindercare Learning Center - Norristown 4.1 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center 4.1 mi Private PRESCHOOL-K 0 0
      Kindercare 4.2 mi Private PRESCHOOL-K 0 0
      Trinity Nursery And Kindergarten 4.4 mi Private PRESCHOOL-K 0 0
      Paul V Fly Elementary School 4.6 mi Public K-4 2 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 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.