A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 17 homes listed for sale – 8 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 25, 2022 with an average asking price of $412,835.
Homebuyers are grappling with the hottest January on record, as 45% of homes now find a buyer within two weeks on the market. Thirty-five percent go under contract within a week. Both rates are the highest we’ve ever seen for this time of year.
Despite the market’s unprecedented intensity, pending home sales were down 1% during the four weeks ending January 23, the first year-over-year decline since June 2020. The stalling sales are not for a lack of buyers–the Redfin Homebuyer Demand Index was up 9%—but rather a lack of sellers.
“Buyers who have been looking for a home since last year are tired of the search and just want to be done,” said Indianapolis Redfin real estate agent Jill Thompson. “Many sellers seem to be waiting until spring, so the inventory shortage is especially intense right now, leading to a renewed surge of bidding wars and buyers making offers that waive inspection and financing contingencies.”
New listings fell 12%, the largest drop since June 2020, dragging the total number of homes for sale to another new low. Homeowners who are on the market appear to be feeling quite confident; the median asking price climbed 13% to $360,281, just shy of October’s all-time high.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $412,835 | $399,900 | $149,900 | $599,000 | 37 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $476,240 | $524,950 | $259,000 | $599,000 | 40 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $239,999 | $239,999 | $239,999 | $239,999 | 21 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $311,633 | $299,900 | $285,000 | $535,000 | 17 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $165,000 | $165,000 | $165,000 | $165,000 | 8 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $160,000 | $160,000 | $160,000 | $160,000 | 1 |
13 Wallingford PA homes went under contract
5 new listings came onto the market
2 listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
41 homes are Under Contract at this time
2 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 1057 Putnam Blvd | TOWN | 2 | 2.1 | $165,000 | 01/18/22 | 5 |
| 308 Dogwood Lane | SNG | 5 | 3.2 | $650,000 | 01/21/22 | 89 |
| AVERAGE | $407,500 | 47 |
Neither home sold with a Seller Assist:
Wallingford PA Real Estate – Wallingford, PA 19086
