A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 83 homes listed for sale in Wallingford PA and Nether Providence Township on June 13, 2017 with an average asking price of $396,607.
Government-sponsored financing giant Fannie Mae will ease its debt to income requirements next month, raising the ceiling from 45% to 50% on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with student loan debt.
The debt-to-income ratio compares a person’s gross monthly income with his or her monthly payment on all debt accounts, including auto loans, credit cards, and student loans. It also factors in the projected payments on the new mortgage. Lenders see applicants with lower debt-to-income ratios as less at risk of defaulting.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $396,607 | $379,000 | $104,900 | $969,000 | 86 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $449,538 | $434,000 | $125,000 | $969,000 | 80 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $191,109 | $174,900 | $104,900 | $385,000 | 112 |
*DOM = Days On Market
10 Wallingford PA homes went under contract
5 new listings came onto the market
No listings expired
1 listing was withdrawn from the market
56 homes are Under Contract at this time
6 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 209 E Rose Valley Road | 3 | 1.1 | $355,000 | 06/05/17 | 15 |
| 308 Rosewood Lane | 4 | 2.2 | $565,000 | 06/06/17 | 6 |
| 904 Heathdale Lane | 4 | 2.1 | $643,500 | 06/07/17 | 17 |
| 108 Quaint Road | 3 | 1.1 | $360,000 | 06/08/17 | 9 |
| 507 Wilder Road | 4 | 2.1 | $395,000 | 06/09/17 | 21 |
| 824A Putnam Blvd | 2 | 1.0 | $100,000 | 06/10/17 | 129 |
| Average | $403,083 | 33 |
One home sold with a Seller Assist
– 824A Putnam Blvd – $3,000
Wallingford PA Real Estate – Wallingford, PA 19086
