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 June. The number of active listings was down 2% from one year earlier, and up 7% 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 over 150-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 1%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 140-thousand dollars. The number of units sold increased 39% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. 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: 42,561
  • Median Age: 32.81 yr
  • Median Commute Time: 19.34 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 7,056/sq mi
  • Population Change Since 2000: 12.64%
  • Closest Airport: Philadelphia International
  • Closest College: Reformed Episcopal Seminary
  • Closest Jr. College: Montgomery County Cmnty Cllg-blue Bell
  • Median Household Income: $49,449
  • Annual Residential Turnover: 22.96%
  • Median Years in Residence: 2.85 yr
  • Median Home Sales Price: $123,500
  • Closest Major Sports Team: Eagles
  • Change Avg. Household Income Since 2000: 26%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Norristown, PA
Median Age: 32.81 Married: 23% Number of Households: 15,443 Households with Children: 4,777
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 GreatSchools Rating Parent Rating
      The Pathway School 0.5 mi Private UNGRADE-UNGRADE 0 4
      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 El School 1.1 mi Public PRESCHOOL-4 2 4
      Woodland El School 1.3 mi Public K-4 4 5
      Stewart Middle School 1.3 mi Public 5-8 1 2
      Caley El School 1.3 mi Public K-4 4-5 4
      Visitation Bvm School 1.4 mi Catholic PRESCHOOL-8 0 4
      St. Francis Of Assisi School 1.5 mi Catholic PRESCHOOL-8 0 4
      The Lincoln Center 1.7 mi Private 7-12 0 3
      Whitehall El School 1.7 mi Public K-4 0 2
      Norristown Area High School 1.8 mi Public 9-12 1 2
      For Kids Sake Child Care & Learning Center 1.8 mi Private PRESCHOOL-K 0 5
      Upper Merion High School 2.0 mi Public 9-12 3-5 4
      Upper Merion Middle School 2.0 mi Public 5-8 4 4
      Candlebrook El School 2.0 mi Public K-4 4-5 5
      Audubon El School 2.2 mi Public K-4 4-5 4
      Mother Divine Providence School 2.2 mi Catholic PRESCHOOL-8 0 5
      Roosevelt Altern School 2.2 mi Public 9-12 0 1
      Kindercare Learning Center 2.2 mi Private PRESCHOOL-K 0 0
      Valley Forge Children''s Academy 2.2 mi Private PRESCHOOL-K 0 0
      Gotwals El School 2.2 mi Public K-4 2-5 2
      Eisenhower Middle School 2.5 mi Public 5-8 1 3
      Pa Virtual Charter School 2.5 mi Public K-12 2 5
      Bridgeport Elementary School 2.6 mi Public PRESCHOOL-4 3 3
      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 4
      Skyview Upper El School 2.8 mi Public 5-6 4-5 0
      Arcola Intrmd School 2.8 mi Public 7-8 4 4
      Hancock El School 2.9 mi Public K-4 2 3
      Cole Manor El School 3.2 mi Public K-4 2 3
      Kennedy Kenrick Catholic High School 3.2 mi Catholic 9-12 0 4
      Our Lady Of Victory Regional School 3.3 mi Catholic PRESCHOOL-8 0 4
      Methacton High School 3.3 mi Public 9-12 4 3
      Fairview Village Adventist School 3.3 mi Private 1-8 0 0
      Goddard School 3.5 mi Private PRESCHOOL-K 0 0
      St. Gabriels Hall 3.6 mi Catholic UNGRADE-UNGRADE 0 0
      Penn Christian Academy 3.7 mi Private PRESCHOOL-8 0 4
      East Norriton Middle School 3.7 mi Public 5-8 2 3
      Kindercare Learning Center 4.1 mi Private PRESCHOOL-K 0 0
      Kindercare Learning Center - Norristown 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 El School 4.6 mi Public K-4 2-5 4
      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 Norristown, 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.