How Do Wallingford Elementary Schools Affect Home Values?

Home Prices Are Highest For Homes In The WES Attendance Zone

During the 1st half of the 2014 there were 114 homes sold in Nether Providence Township – of which 64 were in the Nether Providence Elementary (NPE) attendance zone, 37 in the Wallingford Elementary School (WES) attendance zone, and 13 in the Swarthmore Rutledge School (SRS) zone. Based upon this sales data from there is a significant variation in home values and characteristics associated with homes in each of the 3 elementary school attendance zones.

HOME PRICES BY ELEMENTARY SCHOOLS

The NPE zone has the highest concentration of condos and townhomes, with 9 condos and 16 townhomes accounting for 39% of the homes sold through the end of June 2014 which contributes to the lower average sale price in that zone.

Calculating the price per square foot average, NPE homes sold for an average of $126/sq ft, SRS homes brought an average of $159/sq ft, and WES homes came in selling at an average of $165/sq ft. (Note – 3 new construction homes sold in the 1st half of the year did not have square footage data available and thus were omitted from square footage and tax computations).

Sales show homes in the WES attendance zone are the largest, pay the highest tax bills, and represent the oldest housing stock in Nether Providence Township. They also have the distinction of being the quickest sellers during the 1st half of 2014, with the average Days On Market for a WES home being 65 days, as opposed to 89 for a SRS home, and 105 days for a NPE home.

Wallingford PA Real Estate – Wallingford, PA 19086