A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 79 homes listed for sale in Wallingford PA and Nether Providence Township on April 18, 2017 with an average asking price of $360,872.
After the Federal Reserve raised its key interest rate about a month ago, mortgage rates were expected to increase as well. Instead, they’ve been dropping in recent weeks. The 30-year fixed-rate mortgage averaged 4.08% last week, its lowest point so far in 2017 and its fourth consecutive week for declines, Freddie Mac reported.
When the Fed raises its federal funds rate, it becomes pricier for banks to borrow money, which generally leads to higher borrowing rates for consumers. Mortgage rates, on the other hand, are more closely correlated with rate movements of 10-year Treasury notes. Lately, investors have been buying them up, and the higher demand has been sending mortgage rates lower. The 10-year Treasury yield is about 2.23%; a month ago, it was about 2.62%. Mortgage rates have moved lower as the 10-year Treasury has inched lower.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $360,303 | $347,000 | $95,000 | $1,025,000 | 81 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $428,166 | $405,000 | $99,900 | $1,025,000 | 75 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $172,637 | $164,500 | $95,000 | $400,000 | 99 |
*DOM = Days On Market
7 Wallingford PA homes went under contract
7 new listings came onto the market
1 listing expired
1 listing was withdrawn from the market
46 homes are Under Contract at this time
3 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 502 Scott Lane | 4 | 2.1 | $440,000 | 04/10/17 | 33 |
| 1142 Putnam Blvd | 2 | 2.1 | $185,000 | 04/12/17 | 152 |
| 703 Blue Hill Drive | 5 | 3.1 | $438,500 | 04/14/17 | 11 |
| Average | $354,500 | 65 |
Wallingford PA Real Estate – Wallingford, PA 19086
