Real Estate Market Update for West Chester, PA

Video: Real Estate Community Tour for West Chester, PA

See Real estate community tour for West Chester, PA
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 11% from one year earlier, and up 15% 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 520-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 39%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 350-thousand dollars. The number of units sold increased 31% year-over-year, and increased 9% 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 West Chester, PA
Area Information for West Chester, PA
  • Population: 19,274
  • Median Age: 26.57 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 10,439/sq mi
  • Population Change Since 2000: 7.84%
  • Closest Airport: New Castle
  • Closest College: West Chester University Of Pennsylvania
  • Closest Jr. College: Williamson Free School-mechanical Trades
  • Median Household Income: $48,250
  • Annual Residential Turnover: 29%
  • Median Home Sales Price: $290,000
  • Closest Major Sports Team: Wilmington Blue Rocks (a)
  • Change Avg. Household Income Since 2000: 30.16%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for West Chester, PA
Median Age: 26.57 Married: 19% Number of Households: 6,612 Households with Children: 1,176
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 West Chester, PA

      School Name Distance Type Grades School Rating Parent Rating
      West Chester Nazarene Christian School 0.2 mi Private PRESCHOOL-K 0 0
      Childrens Corner 0.4 mi Private PRESCHOOL-K 0 0
      Chester Co Family Academy Cs 0.4 mi Public K-2 0 0
      The Lincoln Center - trans Ed Academy 0.5 mi Private - 0 0
      St Agnes Catholic School 0.5 mi Catholic PRESCHOOL-8 0 0
      West Chester Area Ymca 0.5 mi Private - 0 0
      West Chester Friends School 0.7 mi Private PRESCHOOL-5 0 0
      Westtown Children's Academy 0.7 mi Private - 0 0
      The Goddard School 0.7 mi Private PRESCHOOL-K 0 0
      West Chester Henderson High School 0.8 mi Public 9-12 5 4
      Hillsdale Elementary School 0.9 mi Public K-5 5 0
      Fern Hill Elementary School 1.4 mi Public K-5 5 0
      Kesher Israel Preschool And Kindergarten 1.7 mi Private PRESCHOOL-K 0 0
      Old Paths Baptist Academy 1.8 mi Private K-11 0 0
      Sarah W Starkweather Elementary School 1.8 mi Public K-5 4 0
      Willistown Country Day School - West Chester 1.9 mi Private - 0 0
      Stetson Middle School 1.9 mi Public 6-8 5 0
      Arc Of Chester County 2.0 mi Private - 0 0
      Kindercare Learning Center At Westtown 2.0 mi Private 1-3 0 0
      Glen Acres Elementary School 2.1 mi Public K-5 4 0
      St Maximilian Kolbe School 2.1 mi Catholic PRESCHOOL-8 0 0
      Goddard School - West Goshen 2.2 mi Private - 0 0
      West Chester Christian School 2.4 mi Private K-12 0 0
      East Bradford Elementary School 2.4 mi Public K-5 4 0
      West Chester East High School 2.5 mi Public 9-12 5 4
      J R Fugett Middle School 2.5 mi Public 6-8 5 0
      Chesterbrook Academy 2.6 mi Private - 0 0
      Westtown Thornbury Elementary School 2.7 mi Public K-5 5 0
      Chesterbrook Academy 2.9 mi Private PRESCHOOL-5 0 0
      West Chester Bayard Rustin High School 3.0 mi Public 9-12 5 4
      Westtown School 3.0 mi Private PRESCHOOL-12 0 0
      Kindercare Learning Center 3.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      E N Peirce Middle School 3.1 mi Public 6-8 5 0
      Pennsylvania Leadership Cs 3.3 mi Public K-12 2 0
      Sts. Peter & Paul School 3.4 mi Catholic PRESCHOOL-8 0 0
      Devereux Leo Kanner Learning Center 3.7 mi Private UNGRADE-UNGRADE 0 0
      Penn Wood Elementary School 3.8 mi Public K-5 5 0
      Pocopson Elementary School 3.9 mi Public K-5 5 0
      East Goshen Elementary School 3.9 mi Public K-5 4 0
      Goshen Friends School 3.9 mi Private PRESCHOOL-5 0 0
      Mary C Howse Elementary School 4.0 mi Public K-5 4 0
      Ss Simon & Jude School 4.2 mi Catholic K-8 0 0
      The Goddard School - Village Of Marshallton 4.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Advent Christian Kindergarten 4.3 mi Private - 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 West Chester, 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.