Chester County PA Real Estate Market Trends - September 2015
A biennial opinion survey on housing issued conducted by the National Association of Realtors shows that fears of selling have abated dramatically since the housing recovery went into high gear two years ago. Over the past two years, homeowners’ confidence in recouping the price they paid for their homes has risen 29 percent.
Seller confidence extends to their outlook for next year. Four in ten adults in the survey (41%) expect prices to rise in their market. Some 47 percent said prices will stay the same and only 6 percent expect them to decrease.
Take a look at how many successful sellers there were in our market last month…
September's real estate sales broken down by school district.
Downingtown School District
The number of homes selling in the Downingtown school district in September 2015 dropped by 13.68% when compared to September 2014. The average selling price decreased by 4% to $336,427. The median selling price dropped by 7.91%, while the average market time decreased by 14 days.
| Date | Sold Listing |
Average |
Median Selling Price |
Average Days On Market |
| September 2015 | 82 | $336,427 | $308,500 | 42 |
| September 2014 | 95 | $350,376 | $335,000 | 56 |
West Chester School District
The number of homes selling in the West Chester school district in September 2015 remained the same when compared to September 2014. The average selling price decreased by less than 1% . The median selling price decreased by 0.36%, while the average market time decreased by 2 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| September 2015 | 104 | $371,516 | $348,750 | 42 |
| September 2014 | 104 | $373,299 | $350,000 | 40 |
Coatesville School District
The number of homes selling in the Coatesville school district in September 2015 increased by 29.17% when compared to September 2014. The average selling price increased by .45% to $227,766. The median selling price increased 4.92%, while the average market time dropped by 19 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Septembert 2015 | 62 | $231,775 | $225,000 | 63 |
| September 2014 | 48 | $230,734 | $214,450 | 82 |
Great Valley School District
The number of homes selling in the Great Valley school district increased by 11.9%. The Average Selling Price decreased by 10.76% to $467,530. The median selling price dropped by 8.22%, while the average market time increased by 34 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| September 2015 | 47 | $467,530 | $385,000 | 89 |
| September 2014 | 42 | $523,926 | $419,500 | 55 |
Unionville School District
The number of homes selling in the Unionville school district in September 2015 increased by 18.52% when compared to September 2014. The average selling price increased 21.21% to $472,250. The median selling increased by 11.14% while the average market time increased by 21 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| September 2015 | 32 | $590,247 | $472,250 | 87 |
| September 2014 | 27 | $486,969 | $424,900 | 66 |
Tredyffrin-Easttown School District
The number of homes selling in the Tredyffrin-Easttown school district in September 2015 increased by 35% when compared to September 2014. The average selling price increased by 15.23% to $531,563. The median selling price increased by 21.25%, while the average market time increased by 3 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| September 2015 | 54 | $529,430 | $436,500 | 66 |
| September 2014 | 40 | $459,468 | $360,000 | 63 |
Owen J Roberts School District
The number of homes selling in the Owen J Roberts school district in September 2015 increased by 62.96% when compared to September 2014. The average selling price decreased by 5.24% to $340,771. The median selling price rose by 9.28% while the average market time dropped 23 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| Septembert 2015 | 44 | $331,636 | $309,250 | 59 |
| September 2014 | 27 | $349,961 | $283,000 | 82 |
Phoenixville School District
The number of homes selling in the Phoenixville school district in September 2015 decreased 13.33% when compared to Septembert 2014. The average selling price increased by 4.48% to $$307,115. The median selling price rose by 11.35%, while the average market time dropped by 16 days.
| Date | Sold Listings |
Average |
Median Selling Price |
Average Days On Market |
| September 2015 | 39 | $307,115 | $279,500 | 49 |
| September 2014 | 45 | $293,938 | $251,000 | 65 |
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