Five Chester County ZIP Codes are among Pennsylvania’s Top 25 most expensive, according to median home sale prices, writes Eliza Theiss for PropertyShark.
The increase in housing prices is a direct result of high demand and low inventory. This is especially true for the Greater Philadelphia area, which seems to be in the middle of a buying frenzy. This is making bidding wars and inflated offers increasingly common and pushing median home sale prices closer to pre-recession levels.
To compile the list of most expensive ZIP Codes in the Keystone State, PropertyShark looked at all residential transactions that took place between August 2016 and July 2017, excluding package deals.
The highest-ranking ZIP Code in Chester County is Berwyn’s 19312 at $563,750 and is Chesco’s only ZIP Code to break the Top 10 overall at fifth place.
Devon’s 19333 and Malvern’s 19355 are ranked at 11th and 12th, respectively, both with a median sale price of $470,000.
Chester Springs’ 19425 came in 16th at $454,742, while Landenberg’s 19350 rounds up Chester County’s top-ranked ZIP Codes at No. 25 with $399,000.
The most expensive ZIP Code in Pennsylvania is Villanova’s 19085 at $1,046,925.
See all of Pennsylvania’s 50 most expensive ZIP Codes at PropertyShark here.