A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 75 homes listed for sale in Wallingford PA and Nether Providence Township on November 7, 2017 with an average asking price of $403,264.
Home prices have been accelerating faster than general inflation. So, should the housing market be worried about a housing bubble brewing? Urban Institute researchers say there’s no cause for concern, at least on a national level.
Over the past five years, home prices have outpaced inflation by 34% cumulatively since 2012, according to UI. The increase, however, is less than half the pace between 1997 and 2006. In that time period, home price growth outpaced inflation by 87%.
The median household can afford a house that is $70,000 more expensive than the price of a median house sold, the Urban Institute says. But in 2006, there was a $22,000 shortfall between what the median household could afford and the median sales price.
*DOM = Days On Market
4 Wallingford PA homes went under contract
3 new listings came onto the market
No listings expired
No listings were withdrawn from the market
34 homes are Under Contract at this time
3 Wallingford PA homes sold last week.
|406 Media Parkway||3||2.0||$225,000||10/31/17||100|
|211 Glendale Road||5||2.1||$470,000||10/31/17||9|
|606 Wilder Road||5||2.1||$400,000||11/01/17||46|
211 Glendale Road sold with a $250 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086