A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 21 homes listed for sale – 16 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on October 10, 2023 with an average asking price of $494,738.
The 30-year fixed mortgage interest rate now sits at 7.49%, up from 7.31% last week. For buyers who are purchasing the median priced existing-home of $407,100, this is a monthly mortgage payment of $2,275.
As mortgage interest rates continue to sit at a 23-year high, it is striking to consider a home buyer who purchased in January 2021, when rates were 2.65%. The same home buyer who purchased at $400,000 at that time would pay $1,289 a month for a mortgage, compared to a buyer purchasing today paying $2,235 a month. The difference of $946 could be used for utilities, food, commuting expenses, student debt payments, and for many households the sum total of all expenses.
It is hard to imagine a seller making a move today unless they had a compelling reason to, such as a new significantly higher paid job across the country, a divorce or death, or paying in cash for their next home. For all other households, carpools and remodeling may be the alternative solutions.
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $494,738 | $499,000 | $180,000 | $1,300,000 | 36 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $615,073 | $500,000 | $445,000 | $1,300,000 | 48 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $403,223 | $424,900 | $359,900 | $424,900 | 45 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $369,000 | $370,000 | $180,000 | $550,000 | 14 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $200,000 | $200,000 | $200,000 | $200,000 | 3 |
6 Wallingford PA homes went under contract
5 new listings came onto the market
1 listing was withdrawn from the market
No listings were temporarily taken off the market
No listings expired
18 homes are Under Contract at this time
1 Wallingford PA home sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 100 Sycamore Lane | SNG | 4 | 3.1 | $1,300,000 | 10/06/23 | 17 |
| AVERAGE | $1,300,000 | 17 |
Wallingford PA Real Estate – Wallingford, PA 19086
