A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 74 homes listed for sale in Wallingford PA and Nether Providence Township on August 15, 2017 with an average asking price of $369,110.
Inventory of available homes on the market is the lowest it’s been in two decades, but the reasons may surprise you. Two of the likely culprits are baby boomers and homeowners who are simply satisfied with their home, according to realtor.com®’s Housing Shortage Study.
Baby boomers are showing a desire to age in place in their current homes, and their refusal to sell is creating a clog in the market, according to the study. Eighty-five percent of baby boomers surveyed say they are not planning to sell their home in the next year. That means 33 million properties—many of which are urban condos or suburban single-family homes—will stay off the market. Many of those properties would be popular choices for millennials, a generation still largely waiting in the wings to break into homeownership.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $369,110 | $349,900 | $104,900 | $779,999 | 104 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $418,251 | $419,500 | $125,000 | $779,999 | 105 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $204,345 | $192,000 | $104,900 | $499,000 | 99 |
*DOM = Days On Market
2 Wallingford PA homes went under contract
4 new listings came onto the market
No listings expired
3 listings were withdrawn from the market
25 homes are Under Contract at this time
3 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 301 Moore Road | 3 | 1.0 | $160,000 | 08/07/17 | 4 |
| 211 Walnut Road | 3 | 2.0 | $204,500 | 08/10/17 | 101 |
| 118 Ash Road | 3 | 1.1 | $183,500 | 08/11/17 | 21 |
| Average | $182,667 | 42 |
All 3 homes sold with a Seller Assist
– 301 Moore Road – $9,600
– 211 Walnut Road – $6,135
– 118 Ash Road – $11,000
Wallingford PA Real Estate – Wallingford, PA 19086
