The fall season is cooling down more than the temperature outside; it’s also putting a much-needed chill on hot housing markets, where home prices have become unaffordable to the average buyer. More than one in four home sellers dropped their asking price last month, according to a new report by real estate brokerage Redfin. With inventory starting to inch up, sellers are facing stiffer competition in the market and adjusting their price expectations, according to the report.

Nearly 27% of homes that were listed in the four weeks ending Sept. 16 saw a price drop, according to the report. Redfin defines a price drop as a reduction in the home’s value between 1% and 50%.

In Wallingford 54% of sellers have had one or more prices reductions.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 62 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$429,600 $372,400 $85,000 $1,875,000 89
Single Home Market Snapshot – 46 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$514,822 $399,450 $185,000 $1,875,000 87
Twin Home Market Snapshot -4 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$201,175 $194,950 $124,900 $289,900 104
Townhouse Market Snapshot – 5 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$234,483 $224,000 $169,900 $325,000 192
Condo Market Snapshot – 3 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$139,933 $154,900 $89,900 $175,000 70
Row Home Market Snapshot -3 Listings
AVERAGE MEDIAN LOW HIGH DOM*
$107,333 $105,000 $85,000 $132,000 118

*DOM = Days On Market

5 Wallingford PA home went under contract

3 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

24 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold September 17, 2018 To September 23, 2018
ADDRESS BED BATH PRICE SETTLED DOM*
1027 Putnam Blvd 2 2.1 $185,000 09/19/18 8
AVERAGE $185,000 8

1027 Putnam Blvd sold with a  $2,500 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086