A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 26 homes listed for sale – 18 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 6, 2021 with an average asking price of $409,104.
Widespread shortages on building materials continue to prompt home builders to raise their prices. Material prices have increased by 26% over the past year for building the same house, according to National Association of Home Builders data. That’s put pressure on new-home prices: In May, the median price of a newly built home was 18% higher than a year ago, at $374,400.
To help offset these higher prices, builders are raising their prices and pre-ordering items, according to the latest monthly survey of the NAHB/Wells Fargo Housing Market Index.
Forty-five percent of builders surveyed are also adding in price escalation clauses to protect themselves from rising prices during the process but passing those higher costs on to buyers.
Some of the highest increases in material costs have been in lumber. Some builders have even changed their building methods as a result. Some builders are switching from traditional wood framing to other materials. Seventeen percent of builders said they were considering switching to steel, 16% to structural insulated panels, 14% to insulated concrete forms, and 8% to concrete masonry.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
*DOM = Days On Market
7 Wallingford PA homes went under contract
9 new listings came onto the market
3 listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
46 homes are Under Contract at this time
2 Wallingford PA homes sold last week
|501 Springhaven Road||SNG||4||2.0||$540,000||07/08/21||3|
|712 Columbus Court||TWIN||3||2.1||$300,000||07/08/21||9|
712 Columbus Court sold with a $3,825 Seller Assist:
Wallingford PA Real Estate – Wallingford, PA 19086