A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 23 homes listed for sale – 18Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 7, 2022 with an average asking price of $422,638.
For weeks now, housing experts and economists have debated whether or not the country is in a housing bubble.
Home prices and mortgage rates have surged, while wages have trailed behind. Within the last year alone, home price growth, which has reached 20.6%, has become four times greater than income growth (which is a mere 4.8%). That means underlying economic forces in the market, such as incomes, are no longer able to support home prices in many places.
Mark Zandi, a Moody’s Analytics chief economist, told Fortune recently that a housing bubble would require both speculation-driven price growth and overvaluation – and overvaluation has now impacted over half of all U.S. housing markets, even though speculation-driven price growth isn’t at play in the U.S. (this time around).
It is reported that 67.9% of U.S. regional housing markets are now “overvalued,” as of the latest available data from March, meaning that incomes in those markets are no longer able to support home prices, according to an analysis provided to Fortune by real estate data firm CoreLogic.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $422,638 | $420,000 | $194,900 | $620,000 | 24 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $484,850 | $485,000 | $295,000 | $620,000 | 28 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $199,967 | $200,000 | $194,900 | $205,000 | 22 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $388,058 | $385,000 | $279,173 | $500,000 | 10 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $199,000 | $199,000 | $199,000 | $199,000 | 4 |
4 Wallingford PA homes went under contract
5 new listings came onto the market
No listings were withdrawn from the market
1 listing was temporarily taken off the market
No listings expired
38 homes are Under Contract at this time
8 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 858B Putnam Blvd | CONDO | 2 | 1.0 | $170,000 | 05/31/22 | 3 |
| 219 Woodward Road | SNG | 4 | 2.1 | $705,000 | 05/31/22 | 4 |
| 514 Georgetown Road | SNG | 6 | 3.1 | $421,000 | 05/31/22 | 6 |
| 313 Prichard Lane | SNG | 4 | 2.1 | $420,000 | 06/01/22 | 7 |
| 227 Rogers Lane | SNG | 4 | 2.1 | $855,000 | 06/01/22 | 7 |
| 506 S Media Way #9U | TOWN | 3 | 2.0 | $541,575 | 06/01/22 | 53 |
| 504 Scott Lane | SNG | 5 | 2.1 | $540,000 | 06/02/22 | 58 |
| 300 Scott Lane | SNG | 4 | 1.1 | $451,500 | 06/03/22 | 5 |
| AVERAGE | $513,009 | 18 |
No homes sold with a Seller Assist:
Wallingford PA Real Estate – Wallingford, PA 19086
