October's First-Time Homebuyer Report for Malvern

With 2,998 residents, Malvern is a larger than average city in Pennsylvania. Also, with 2,378.6 people per square mile, it has a higher than average density in comparison to other parts of the state. Homes in Malvern are relatively old with a median age of 39 years. The top schools in the city are Charlestown Elementary School, Great Valley Middle School, and Great Valley High School.

Price Range

Some of the more expensive homes in Pennsylvania are in Malvern with a median home value of $286,400 and an average list price for available homes currently at $484,691. Despite a 33.3% decline in sales over the last 30 days, the Malvern market extended a three-week hot streak with a total of six homes sold in that span.

Make sure you take a look at these eye-catching homes in Malvern that generated the most views from potential buyers:

$375K   $511K   $319K  

Typical Dwelling

The typical dwelling in Malvern is a four-bedroom detached home worth about $628,811. To purchase a similar home, a buyer with good credit and a $125,762 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,719 monthly payment. The property tax rate is $15.02 per $1,000 of taxable assessed value.

Get started right now by checking out Malvern homes for sale or reviewing Malvern real estate trends.

Data reported through 10/13/2016


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