A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 16 homes listed for sale – 13 Active listings and 3 Active Under Contract listings – in Wallingford PA and Nether Providence Township on March 9, 2021 with an average asking price of $561,644.
In Denver, real estate pros are reporting that some listings are seeing more than 100 showings in one weekend and are then receiving more than 20 offers. Buyers are being told to expect going 20% above the list price if they want a home. Markets across the country are reporting the same.
The spring home buying season is expected to be fierce for house hunters.
Here’s the reason: More than 200,000 new listings have been absent from the U.S. housing market during the first two months of 2021 compared to levels seen over the last four years. Buyer demand is surging and there aren’t enough homes for sale. Inventory woes were common in markets even prior to the pandemic, but they’ve worsened since.
There are nearly 50% fewer homes for sale this year than last year, according to realtor.com®’s newly released Monthly Housing Trends Report.
In the Philadelphia Metro area there are 46.0% fewer homes on the market than this time last year, and in Wallingford there were 28 homes listed during the first week of March 2020, now there are just 16 – a 43.0% drop.
Extreme winter weather nationwide pushed new listings to a record low in February, and realtor.com® warns it will be difficult to dig out from the low number of sales this spring.
What’s more, home buyers are seeing prices quickly rise. The median listing price in February increased nearly 14% over last year to $353,000.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $561,644 | $397,450 | $179,900 | $1,069,000 | 39 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $640,618 | $600,000 | $214,500 | $1,069,000 | 44 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $217,400 | $217,400 | $179,900 | $254,900 | 11 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $394,900 | $399,900 | $329,900 | $454,900 | 40 |
*DOM = Days On Market
6 Wallingford PA homes went under contract
3 new listings came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
2 listings expired
20 homes are Under Contract at this time
3 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 401 Crumwald Lane | SNG | 5 | 4.1 | $850,000 | 03/01/21 | 11 |
| 71 Fairhill Road | SNG | 3 | 1.1 | $420,500 | 03/04/21 | 121 |
| 27 Willow Road | SNG | 3 | 2.0 | $285,000 | 03/05/21 | 14 |
| AVERAGE | $518,500 | 49 |
2 homes sold with a Seller Assist:
– 401 Crumwald Lane – $6,225
– 27 Willow Road – $5,000
Wallingford PA Real Estate – Wallingford, PA 19086
