A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 89 homes listed for sale in Wallingford PA and Nether Providence Township on August 18, 2015.
Buyers have been lured into the market with the prospect of the lowest mortgage rates on record during the last few years, but the Federal Reserve has already given plenty of signals that will soon come to an end.
Mortgage rates are already inching up, ever-so-slightly. From January to June, the 30-year fixed-rate mortgage climbed from 3.7% to 4.2 %. Mortgage rates recently have been hovering around 4%.
A 6% interest rate is “normal,” and rates are not expected to hit that point in the next two years, however. Interest rates are predicted to climb to around 5.5% by 2017.
For now, mortgage rates remain low, and in 80 percent of the U.S. markets, it’s more affordable to buy a home than rent, according to realtor.com®.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $326,296 | $299,900 | $85,000 | $849,900 | 108 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $357,417 | $337,000 | $93,000 | $849,900 | 105 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $172,766 | $167,500 | $85,000 | $400,000 | 123 |
*DOM = Days On Market
1 Wallingford PA home went under contract
7 new listings came onto the market
2 listings expired
1 listing was withdrawn from the market
27 homes are Under Contract at this time
1 Wallingford PA home sold
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 800 Avondale Road #4L | 1 | 1.0 | $68,000 | 08/11/15 | 122 |
| 401 Blakeley Road | 3 | 1.1 | $174,900 | 08/14/15 | 67 |
| 211 Pembroke Road | 4 | 2.1 | $525,000 | 08/14/15 | 2 |
| AVERAGE | $255,967 | 64 |
*DOM = Days On Market
– 211 Pembroke Road had a $6,200 Seller Assist.
Wallingford PA Real Estate – Wallingford, PA 19086
