Chester County Home Prices & Values

$298,200 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

  • 3.8% 1-year change
  • 1.7% 1-year forecast

The median home value in Chester County is $298,200. Chester County home values have gone up 3.8% 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 $147, which is higher than the Philadelphia Metro average of $130. The median price of homes currently listed in Chester County is $335,000 while the median price of homes that sold is $286,250. The median rent price in Chester County is $1,499, which is higher than the Philadelphia Metro median of $1,286.

Foreclosures will be a factor impacting home values in the next several years. In Chester County 0.5 homes are foreclosed (per 10,000). This is lower than the Philadelphia Metro value of 3.8 and also lower than the national value of 4.9

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 5.8%, which is lower than the national value of 8.0%. 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 11.4%, which is lower than Philadelphia Metro at 20.9%.

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Relative ZHVI
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Chester County Market Overview

Data through Mar 31, 2014
  • $298,200 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

    (Mar 31, 2015)
  • $335,000 Median listing price
  • $286,250 Median sale price
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Chester County Market Health

Data through Mar 31, 2014
  • 8.0/10 Very 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.

  • 130 Average of days on Zillow (Feb 28, 2014)
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)

Homes foreclosed (per 10,000)

0.5 homes Chester County
3.8 homes Philadelphia Metro
4.9 homes United States
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Cities in Chester County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
East Brandywine Township $321,100 East Caln Township $294,800 West Bradford Township $286,700
East Fallowfield Township $230,300 Thorndale $209,100 Downingtown $207,300
Caln Township $180,600 South Coatesville $131,000 Coatesville $106,100

Listings & Sales

Data through Mar 31, 2014
  • $147 Median list price / sq ft
  • $145 Median sale price / sq ft
  • 30.9% Listings with price cut
27.9%
Sold below listing
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Chester County Rentals

Data through Mar 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
$1,967 Chester County
$1,521 Philadelphia Metro
$1,315 United States
  • No recent data Breakeven horizon
  • $1,499 Rent list price
  • $1.01 Rent list price / sq ft
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