Chester County Home Prices & Values

$309,800 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.1% 1-year change
  • 1.7% 1-year forecast

The median home value in Chester County is $309,800. Chester County home values have gone up 5.1% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Chester County is $151, which is higher than the Philadelphia Metro average of $132. The median price of homes currently listed in Chester County is $340,492 while the median price of homes that sold is $323,925. The median rent price in Chester County is $1,650, which is higher than the Philadelphia Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Chester County 0.8 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 3.5 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Chester County is 5.5%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Chester County homeowners underwater on their mortgage is 10.1%, which is lower than Philadelphia Metro at 20.1%.

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Relative ZHVI
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Chester County Market Overview

Data through Jul 31, 2014
  • $309,800 ZHVI
  • 1.7% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $340,492 Median listing price
  • $323,925 Median sale price
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Chester County Market Health

Data through Jul 31, 2014
  • 6.4/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 92 Average days on Zillow (Jun 30, 2014)
  • 10.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.8 homes Chester County
3.5 homes Philadelphia Metro
4.4 homes United States
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Cities in Chester County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Uwchlan Township $406,800 East Brandywine Township $335,100 East Caln Township $310,000
West Bradford Township $294,400 West Brandywine Township $267,600 East Fallowfield Township $235,900
Thorndale $214,400 Downingtown $208,900 Caln Township $188,900

Listings & Sales

Data through Jul 31, 2014
  • $151 Median list price / sq ft
  • $147 Median sale price / sq ft
  • 42.7% Listings with price cut
23.2%
Sold below listing
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Chester County Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,983 Chester County
$1,543 Philadelphia Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,650 Rent list price
  • $1.09 Rent list price / sq ft
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