A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 86 homes listed for sale in Wallingford PA and Nether Providence Township on May 23, 2017 with an average asking price of $383,056.
More homes are predicted to be sold this year than in more than a decade. In 2017, the number of existing-home sales is expected to increase about 3.5% to 5.64 million. By 2018, existing-home sales will likely rise another 2.8% to 5.8 million, according to forecasts by the National Association of REALTORS®.
The rise in new jobs, pent-up household formation, and increasing consumer confidence are helping to propel the housing market forward, says Lawrence Yun, NAR’s chief economist.
The new-home sector is also expected to see a surge over the next year. New-home sales are expected to rise 10.7% this year to 620,000. The sector is also expected to tick up another 8% in 2018 to 670,000 sales, NAR predicts.
Buyers are likely to face higher prices on homes. Prices are expected to increase 5% in 2017 and another 3.5% in 2018, NAR predicts.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $383,056 | $374,450 | $95,000 | $969,000 | 81 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $444,748 | $419,900 | $134,900 | $969,000 | 69 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $165,510 | $120,000 | $95,000 | $385,000 | 120 |
*DOM = Days On Market
4 Wallingford PA homes went under contract
8 new listings came onto the market
No listings expired
No listings were withdrawn from the market
51 homes are Under Contract at this time
7 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 1012 Glen Road | 4 | 3.1 | $280,000 | 05/15/17 | 270 |
| 2 Lake Road | 4 | 3.1 | $750,000 | 05/15/17 | 12 |
| 700 Avondale Road #7E | 2 | 2.0 | $120,000 | 05/15/17 | 50 |
| 423 Oak Valley Road | 4 | 2.1 | $440,000 | 05/15/17 | 8 |
| 506 E Country Club Lane | 3 | 2.0 | $550,000 | 05/17/17 | 5 |
| 1049 Putnam Blvd | 3 | 2.1 | $150,000 | 05/17/17 | 12 |
| 412 Bickmore Drive | 4 | 3.1 | $455,000 | 05/19/17 | 5 |
| Average | $390,000 | 52 |
One home sold with a Seller Assist
– 1012 Glen Road – $16,800
Wallingford PA Real Estate – Wallingford, PA 19086
