A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 16 homes listed for sale – 9 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 12, 2021 with an average asking price of $443,031.
Mortgage rates started the year with a new record low. The 30-year fixed-rate mortgage dropped to a 2.65% average this week, the lowest since Freddie Mac began tracking such records more than 50 years ago.
“Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates have been offset by rising home prices,” says Sam Khater, Freddie Mac’s chief economist. “However, the forces behind the drop in rates have been shifting over the last few months, and rates are poised to rise modestly this year.” That could prompt a decline in housing affordability and squeeze home buyers during the spring selling season, Khater cautions.
The National Association of REALTORS® has forecasted mortgage rates to average 3.1% in 2021.
Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 7:
- 30-year fixed-rate mortgages: averaged 2.65%, with an average 0.7 point, dropping from last week’s 2.67% average. Last year at this time, 30-year rates averaged 3.64%.
- 15-year fixed-rate mortgages: averaged 2.16%, with an average 0.6 point, falling slightly from last week’s 2.17% average. A year ago, 15-year rates averaged 3.07%.
- 5-year hybrid adjustable-rate mortgages: averaged 2.75%, with an average 0.3 point, rising from last week’s 2.71% average. A year ago, 5-year ARMs averaged 3.30%.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
2 Wallingford PA homes went under contract
2 new listings came onto the market
1 listing was withdrawn from the market
No listings were temporarily taken off the market
No listings expired
25 homes are Under Contract at this time
4 Wallingford PA homes sold last week
|701 Beechwood Road||SNG||4||2.3||$650,200||01/04/21||4|
|109 Ridley Drive||SNG||4||2.0||$395,000||01/07/21||47|
|752 W Brookhaven Road||SNG||3||2.0||$335,000||01/08/21||9|
|725 S Providence Road||SNG||3||2.0||$520,000||01/08/21||6|
752 W Brookhaven Road sold with a $4,750 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086