A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 19 homes listed for sale – just 9 Active listings and 12 Active Under Contract listings – in Wallingford PA and Nether Providence Township on December 29, 2020 with an average asking price of $499,426.
Many first-time buyers are being priced out of the housing market as inventory shortages persist. Adding to the woes, home prices have risen annually by double-digit percentages.
While home sales have increased during the pandemic, the market share of first-time buyers has mostly stayed the same. First-time buyers made up 32% of sales in November, about equal to a year ago, according to the National Association of REALTORS®’ latest existing-home sales report.
The median price for an existing home in November was $310,800, a 14.6% jump from a year ago, NAR reports. Prices rose in every region across the U.S. “We have clearly seen a bifurcated outcome in the housing market,” Yun told Newsweek. “People who can work from home or have exposure to the stock market have done well in 2020, but those on the front lines at restaurants, hotels, and grocery stores – who tend to be renters – have not.”
Low mortgage rates and the ability for more people to work from home have helped to lift home sales, he says. Existing-home sales were nearly 26% higher in November than a year ago. Mortgage rates are at the lowest averages since Freddie Mac began tracking such data in 1971. Last week, the 30-year fixed-rate mortgages averaged an all-time low of 2.67%.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $499,426 | $449,000 | $45,000 | $949,000 | 70 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $560,353 | $550,000 | $299,000 | $949,000 | 83 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $339,900 | $339,900 | $339,900 | $339,900 | 40 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $247,967 | $299,000 | $45,000 | $399,900 | 12 |
4 Wallingford PA homes went under contract
No new listings came onto the market
1 listing was withdrawn from the market
No listings were temporarily taken off the market
No listings expired
30 homes are Under Contract at this time
5 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 625 W Wiltshire Drive | TWIN | 3 | 2.1 | $244,900 | 12/21/20 | 4 |
| 415 Marie Drive | SNG | 4 | 3.1 | $625,000 | 12/21/20 | 365 |
| 120 Dundee Mills Lane | SNG | 3 | 2.1 | $390,000 | 12/22/20 | 124 |
| 720 W Brookhaven Road | SNG | 5 | 2.0 | $350,000 | 12/22/20 | 162 |
| 814B Putnam Blvd | CONDO | 2 | 1.0 | $123,500 | 12/23/20 | 5 |
| AVERAGE | $347,680 | 132 |
120 Dundee Mills Lane sold with a $300 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086
