A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 12 homes listed for sale – 7 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 20, 2024 with an average asking price of $625,988.
The latest Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI) from the National Association of Home Builders finds that home affordability remains at a near record low as of Q4 2023.
The report attributes this to elevated mortgage rates, high construction costs as well as excessive regulatory costs.
37.7% of new and existing homes sold between the beginning of October and end of December were affordable to families earning the U.S. median income of $96,300. This is nearly identical to the 37.4% posted in the third quarter of last year, which was the lowest reading since NAHB began tracking affordability in 2012.
The national median home price was $375,000 in Q4 2023, down from $388,000 in the third quarter. Meanwhile, average mortgage rates increased more than 30 basis points from 7.13% in the third quarter up to 7.44% in the fourth quarter—the highest rate in the HOI series history.
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $625,988 | $597,000 | $261,960 | $1,450,000 | 45 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $738,878 | $652,000 | $320,000 | $1,450,000 | 53 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $325,000 | $325,000 | $325,000 | $325,000 | 9 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $268,480 | $268,480 | $261,960 | $275,000 | 26 |
5 Wallingford PA home went under contract
5 new listings came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
17 homes are Under Contract at this time
3 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 119 Maple Road | SNG | 3 | 1.0 | $370,000 | 02/12/24 | 2 |
| 118 Dundee Mills Lane | TOWN | 3 | 2.1 | $535,000 | 02/12/24 | 95 |
| 4 Purdy Lane | SNG | 6 | 4.0 | $745,000 | 02/16/24 | 72 |
| AVERAGE | $550,000 | 56 |
4 Purdy Lane sold with a $5,000 Seller Assist
Wallingford PA Real Estate – Wallingford, PA 19086
