West Grove, PA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

West Grove, PA Housing Market Trends

With 2,839 people, 907 houses or apartments, and a median cost of homes of $255,240, West Grove real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in West Grove, accounting for 64.98% of the borough's housing units. Other types of housing that are prevalent in West Grove include row houses and other attached homes ( 20.19%), duplexes, homes converted to apartments or other small apartment buildings ( 8.92%), and a few large apartment complexes or high rise apartments ( 5.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Grove. Owner-occupied housing accounts for 67.92% of West Grove's homes, and 62.73% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. West Grove's housing was primarily built during this period, from the '40s through the '60s. A full 39.96% of the borough's housing hails from this era. Other housing ages represented in West Grove include homes built before 1939 ( 29.22%) and housing constructed between 1970-1999 ( 23.42%). There's also some housing in West Grove built between 2000 and later ( 7.41%).

West Grove Home Appreciation Rates

Real estate appreciation rates in West Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.01% during the period.

Over the last year, West Grove appreciation rates have trailed the rest of the nation. In the last twelve months, West Grove's appreciation rate has been 7.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Grove were at 3.46%, which equates to an annual appreciation rate of 14.56%.

Relative to Pennsylvania, our data show that West Grove's latest annual appreciation rate is lower than 70% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$255,240

West Grove, PA HOME PRICES

> $1,189,000
0.0%
0.0%
$892,001 - $1,189,000
0.0%
0.0%
$594,001 - $892,000
0.0%
0.0%
$475,001 - $594,000
0.0%
0.0%
$356,001 - $475,000
11.6%
11.6%
$238,001 - $356,000
50.8%
50.8%
$119,001 - $238,000
34.2%
34.2%
$59,001 - $119,000
2.7%
2.7%
$0 - $59,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for PA

Value Relative To Nation

Number Of Homes And Apartments:
907

West Grove Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
78.68% 2.74%
6
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,644 / per month

Homeownership Rate

Owners
67.9%
67.9%
Renters
32.1%
32.1%
Vacant
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.4%
7.4%
1970 - 1999
23.4%
23.4%
1940 - 1969
40.0%
40.0%
1939 or Older
29.2%
29.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.0%
65.0%
Townhomes
20.2%
20.2%
Small Apt. Buildings
8.9%
8.9%
Apt. Complexes
5.9%
5.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
3.3%
3.3%
2 Bedrooms
30.9%
30.9%
3 Bedrooms
47.6%
47.6%
4 Bedrooms
15.1%
15.1%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES