A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 29 homes listed for sale in Wallingford PA and Nether Providence Township on March 3, 2020 with an average asking price of $475,045.
Borrowing costs continue to head lower, enticing home shoppers and homeowners looking to refinance to lock-in.
“Given the recent volatility of the ten-year Treasury yield, it’s not surprising that mortgage rates again have dropped,” says Sam Khater, Freddie Mac’s chief economist. “These low rates combined with high consumer confidence continue to drive home sales upward, a trend that is likely to endure as we enter spring.”
Freddie Mac reported the following national averages with mortgage rates for the week ending Feb. 27:
- 30-year fixed-rate mortgages: averaged 3.45%, with an average 0.7 point, falling from last week’s 3.49% average. Last year at this time, 30-year rates averaged 4.35%.
- 15-year fixed-rate mortgages: averaged 2.95%, with an average 0.8 point, falling from last week’s 2.99% average. A year ago, 15-year rates averaged 3.77%.
- 5-year hybrid adjustable-rate mortgages: averaged 3.20%, with an average 0.2 point, falling from last week’s 3.25% average. A year ago, 5-year ARMs averaged 3.84%.
Mortgage rates fluctuate, and over the last 50 years they’ve changed significantly, Freddie Mac notes in a recent blog post. Consider, in the 1970s, the average rate was 8.86% compared to today’s 3.45%. Freddie Mac compiled the following chart to show how much mortgage rates have changed over the last five decades.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $475,045 | $499,900 | $99,999 | $1,049,900 | 57 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $542,800 | $535,000 | $232,800 | $1,049,900 | 67 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $389,000 | $389,000 | $389,000 | $389,000 | 18 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $121,633 | $125,000 | $99,999 | $139,900 | 21 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $269,000 | $269,000 | $225,000 | $313,000 | 13 |
*DOM = Days On Market
3 Wallingford PA homes went under contract
3 new listings came onto the market
1 listing was withdrawn from the market
No listings expired
25 homes are Under Contract at this time
5 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 316B Saybrook Lane | CONDO | 2 | 1.0 | $127,500 | 02/27/20 | 3 |
| 713 Kincaid Mills Lane | TOWN | 3 | 3.1 | $443,000 | 02/27/20 | 8 |
| 800 Avondale Road #4M | CONDO | 1 | 1.0 | $107,500 | 02/28/20 | 42 |
| 507 W Country Club Lane | SNG | 4 | 2.1 | $805,000 | 02/28/20 | 43 |
| 612 Buckmore Drive | SNG | 3 | 1.1 | $360,000 | 02/28/20 | 42 |
| AVERAGE | $368,600 | 28 |
800 Avondale Road #4M sold with a $2,000 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086
