A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.
There are 9 homes listed for sale – 8 Active listings and 1 Active Under Contract listing – in Wallingford PA and Nether Providence Township on March 26, 2024 with an average asking price of $561,255.
Inflation and home prices: two large barriers for Americans in living their dream lives. While they both are very present issues, one has had a much stronger impact due to its drastic growth rate. Home prices have risen 2.4x faster than inflation since the 1960s, according to a new analysis from Clever Real Estate.
The report found that if home prices had matched pace with inflation, the median home would cost only $177,500 today – compared to the $431,000 it actually costs.
Key highlights from the study:
- The median home price increased 63% from 2013 to 2023, while overall inflation rose 31%.
- Home prices today are 24x higher than they were in 1963, while inflation is only 10x higher.
- Despite home prices having historically risen faster than inflation, inflation actually outpaced home prices in 2023.
- Millennials pay nearly twice as much as baby boomers did for homes in 1985. Today, the typical home cost is equivalent to about 6.3 years’ worth of median household income, compared to 3.5 years in the mid-1980s.
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $561,255 | $649,000 | $278,500 | $795,000 | 70 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $631,828 | $649,900 | $299,999 | $795,000 | 86 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $314,250 | $314,250 | $278,500 | $350,000 | 14 |
3 Wallingford PA homes went under contract
2 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No listings were withdrawn from the market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
No Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| – No Homes Sold – | ||||||
| AVERAGE |
Wallingford PA Real Estate – Wallingford, PA 19086
