A total of 45 homes sold during the 4th quarter of 2022 in Wallingford PA which fell short of last year’s tally by 5 homes. The average selling price saw a drop of 9.9% to $387,779 when compared to last year’s 4th quarter average. Three factors contributed to the erosion in average sales price:
- The average sales price for single homes fell $94,466 to $470,704 – a 16.7% decrease
- Sales in the $500K to $600K range fell from 11 sales last year to 2 sales this year
- There were no $1M sales recorded
There were 24 Single family homes sales during the quarter vs 26 last year. The average selling price for singles also fell 16.7% to $470,704.
There were 14 sales in October, 18 in November, and 13 in December.
23 Brookside Road and 113 Avonbrook Road garnered the top selling price for the quarter at $800,000.
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2021 | 50 | $430,318 | 18 | 100.5% | 100.5% |
| 2022 | 45 | $387,779 | 20 | 98.3% | 98.3% |
| -10.0% | -9.9% | 11.1% | -2.2% | -2.2% |
4TH QUARTER 2022 – SALES BY PRICE RANGE
| PRICE RANGE | SALES |
|---|---|
| $100,000 To $200,000 | 6 |
| $200,000 To $300,000 | 7 |
| $300,000 To $400,000 | 14 |
| $400,000 To $500,000 | 8 |
| $500,000 To $600,000 | 2 |
| $600,000 To $700,000 | 6 |
| $700,000 To $800,000 | 2 |
| TOTAL | 45 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $470,704 | $434,000 | $230,000 | $800,000 | 24 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $213,034 | $199,900 | $150,000 | $356,340 | 30 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $274,700 | $301,000 | $150,000 | $370,000 | 14 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $365,379 | $320,000 | $170,000 | $621,315 | 7 |
2022 YEAR END SUMMARY
The year 2022 concludes with 221 closed transactions – the same total as last year. The average selling price for Wallingford homes in 2022 increased 1.5% to $425,979 over last year’s $419,864.
There were 123 single family home sales in 2022 with an average sales price of $536,465 – just $5 more that the average selling price recorded in 2021 when there were 135 singles sold – with an average of 21 days on the market.
Wallingford PA Real Estate – Wallingford, PA 19086
