Real Estate Market Update for West Chester, PA
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Welcome to August's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 18% from one year earlier, and down 5% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 380-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 16%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 380-thousand dollars. The number of units sold decreased 6% year-over-year, and decreased 1% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.
Map Information for West Chester, PA
Area Information for West Chester, PA
  • Population: 18,804
  • Median Age: 23.38 yr
  • Median Commute Time: 16.16 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 10,185/sq mi
  • Population Change Since 2000: 5.28%
  • Closest Airport: Philadelphia International
  • Closest College: West Chester University Of Pennsylvania
  • Closest Jr. College: Williamson Free School-mechanical Trades
  • Median Household Income: $46,107
  • Annual Residential Turnover: 24.77%
  • Median Years in Residence: 2.44 yr
  • Median Home Sales Price: $300,000
  • Closest Major Sports Team: Eagles
  • Change Avg. Household Income Since 2000: 22%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for West Chester, PA
Median Age: 23.38 Married: 14% Number of Households: 6,426 Households with Children: 1,237
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 GreatSchools Rating Parent Rating
      Childrens Corner 0.4 mi Private PRESCHOOL-K 0 0
      Chester Co Family Academy Cs 0.5 mi Public K-2 0 5
      St Agnes Catholic School 0.5 mi Catholic PRESCHOOL-8 0 5
      Sankofa Academy Cs 0.6 mi Public 5-11 0 0
      West Chester Friends School 0.6 mi Private PRESCHOOL-5 0 5
      West Chester Henderson High School 0.8 mi Public 9-12 4-5 4
      Hillsdale El School 0.9 mi Public K-5 4-5 5
      Fern Hill Elementary School 1.4 mi Public K-5 5 5
      Discovery School & Camp 1.6 mi Private PRESCHOOL-K 0 0
      Kesher Israel Preschool And Kindergarten 1.7 mi Private PRESCHOOL-K 0 0
      Old Paths Baptist Academy 1.8 mi Private K-12 0 0
      Sarah W Starkweather El School 1.9 mi Public K-5 5 4
      Stetson Middle School 2.0 mi Public 6-8 4-5 4
      Kindercare Learning Center At Westtown 2.0 mi Private UNGRADE-K 0 0
      Glen Acres El School 2.1 mi Public K-5 4 5
      St Maximilian Kolbe School 2.1 mi Catholic PRESCHOOL-8 0 4
      West Chester Christian School 2.4 mi Private K-12 0 4
      East Bradford El School 2.4 mi Public K-5 5 0
      West Chester East High School 2.5 mi Public 9-12 4 4
      J R Fugett Middle School 2.5 mi Public 6-8 4-5 4
      Westtown-thornbury El School 2.7 mi Public K-5 5 5
      Westtown School 2.8 mi Private PRESCHOOL-12 0 4
      Chesterbrook Academy 2.8 mi Private PRESCHOOL-5 0 5
      West Chester Bayard Rustin High School 3.0 mi Public 9-12 5 4
      Kindercare Learning Center 3.0 mi Private PRESCHOOL-PRESCHOOL 0 0
      E N Peirce Middle School 3.0 mi Public 6-8 5 4
      Pennsylvania Leadership Cs 3.3 mi Public K-12 2 5
      Sts. Peter & Paul School 3.4 mi Catholic PRESCHOOL-8 0 5
      Kanner Learning Center 3.7 mi Private UNGRADE-UNGRADE 0 0
      Penn Wood El School 3.8 mi Public K-5 5 5
      Pocopson El School 3.9 mi Public K-5 5 5
      East Goshen El School 3.9 mi Public K-5 4 5
      Goshen Friends School 3.9 mi Private PRESCHOOL-5 0 4
      Mary C Howse El School 3.9 mi Public K-5 5 5
      Ss Simon & Jude School 4.2 mi Catholic K-8 0 5
      The Goddard School 4.3 mi Private PRESCHOOL-K 0 0
      Goddard School 4.3 mi Private PRESCHOOL-PRESCHOOL 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 © 2014
      Local Weather for West Chester, PA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.