A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 19 homes listed for sale – 13 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on October 17, 2023 with an average asking price of $503,763.
For the fifth consecutive week, mortgage rates pushed upward, hammering home buyers’ budgets. The 30-year fixed-rate mortgage averaged 7.57% this week, Freddie Mac reports.
Mortgage applications for home purchases are now at a 30-year low. Applications are nearly 20% lower than a year ago. Home buyers are being forced to revisit what they can afford as surging financing costs and rising home prices force some to hold off on their purchase plans.
This week’s rate average of 7.57% equates to a monthly mortgage payment of $2,253 on a median-priced $400,000 home, says Jessica Lautz, deputy chief economist at the National Association of REALTORS®. Once mortgage rates eventually drop—which NAR is largely predicting will happen sometime next year- “substantial pent-up demand” in the housing market will be unleashed, she adds.
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $503,763 | $445,000 | $180,000 | $1,300,000 | 39 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $614,780 | $499,950 | $439,000 | $1,300,000 | 49 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $403,223 | $424,900 | $359,900 | $424,900 | 48 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $369,000 | $370,000 | $180,000 | $550,000 | 18 |
7 Wallingford PA homes went under contract
1 new listing came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
19 homes are Under Contract at this time
3 Wallingford PA home sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 945 Putnam Blvd | TOWN | 3 | 2.1 | $345,000 | 10/10/23 | 2 |
| 240 Canterbury Drive | SNG | 4 | 2.1 | $555,900 | 10/10/23 | 14 |
| 25 Chester Road | SNG | 3 | 2.0 | $400,000 | 10/10/23 | 4 |
| AVERAGE | $433,633 | 7 |
25 Chester Road sold with a $1,425 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086
