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Wallingford PA Real Estate – February 19, 2024 To February 25, 2024

February 27, 2024 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 10 homes listed for sale – 6 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 27, 2024 with an average asking price of $656,976.

Following a drop to its lowest level in three decades by the end of last year, existing-home sales reversed course last month, rising 3.1% from December to a rate of 4.00 million in January, down 1.7% year-over-year, or 4.07 million sales, according to the latest report from the National Association of REALTORS® (NAR).

NAR’s Existing Home Sales report for January found that total housing inventory was 1.01 million units, up 2.0% from December, and up 3.1% from one year ago (980,000). Unsold inventory sits at a 3.0-month supply at the current sales pace, down from 3.1 months in December, but up from 2.9 months in January 2023.

The median existing-home price for all housing types was $379,100, an increase of 5.1% from January 2023 ($360,800).

Properties typically remained on the market for 36 days in January, up from 29 days in December and 33 days in January 2023.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 10 Listings
*6 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$656,976	$614,450	$261,960	$1,450,000	55

Single Home Market Snapshot – 8 Listings
*6 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$754,100	$664,000	$320,000	$1,450,000	63

Townhouse Market Snapshot – 2 Listings
*No Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$268,480	$268,480	$261,960	$275,000	26

5 Wallingford PA home went under contract

No 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No listings were withdrawn from the market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

2 Wallingford PA homes sold last week

**Wallingford Homes Sold February 19, 2024 To February 25 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
3 Green Valley Road	SNG	3	2.0	$625,000	02/23/24	4
610 W Brookhaven Road	SNG	4	2.1	$485,900	02/23/24	122
AVERAGE				$555,450		63

610 W Brookhaven Road sold with a $14,577 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 11, 2024 To February 18, 2024

February 20, 2024 by admin

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

Wallingford Market Snapshot – 12 Listings
*7 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$625,988	$597,000	$261,960	$1,450,000	45

Single Home Market Snapshot – 9 Listings
*6 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$738,878	$652,000	$320,000	$1,450,000	53

Twin Home Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$325,000	$325,000	$325,000	$325,000	9

Townhouse Market Snapshot – 2 Listings
*No Active 2 – Active Under Contract*
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

**Wallingford Homes Sold February 11, 2024 To February 18, 2024**
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

Wallingford PA Real Estate – February 5, 2024 To February 11, 2024

February 13, 2024 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 13 homes listed for sale – 9 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 13, 2024 with an average asking price of $553,058.

Home prices have increased in all counties comprising the Philadelphia Metro in January 2024, with the median sales price up 8.3% year over year. The median sales price for the region is now 55% than it was in January 2019 according to to Bright MLS.

Delaware County recorded a 15.1% increase in the median sales price vs January 2023.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 13 Listings
*9 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$553,058	$565,000	$165,000	$990,000	48

Single Home Market Snapshot – 9 Listings
*7 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$684,756	$699,000	$320,000	$990,000	62

Twin Home Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$325,000	$325,000	$325,000	$325,000	2

Townhouse Market Snapshot – 2 Listings
*No Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$268,480	$268,480	$261,960	$275,000	26

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$165,000	$165,000	$165,000	$165,000	2

1 Wallingford PA home 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

1 listing expired

12 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold February 4, 2024 To February 11, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
509 Manchester Avenue	TWIN	4	1.0	$390,000	02/08/24	58
AVERAGE				$390,000		58

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 2024

February 6, 2024 by admin

January Saw The First Measurable Snow In Over 700 Days – Behind The Community Arts Center

Sales for January 2024 fell 2 homes short of last year’s total of 9 homes. The 7 sales in January 2024 sold for an average price of $371,732 – a 1.4% decrease compared to last year. January sales consisted of 3 single family homes and 4 townhouses.

January’s 3 single family homes sold for an average price of $503,333 and averaged 9 days on the market. Last January 6 single family homes sold for an average price of $457,750 and averaged 46 days on the market.

600 Scott Lane had the highest selling price for the month at $600,000

Twelve homes went under contract during the month – 7 singles and 5 Townhomes- with an average asking price of $458,455 and an average of 42 Days On Market.

Future settlements – 8 in February, 1 in March, and 1 in November

**Wallingford Homes Sold January 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
703 Oxford Lane	SNG	4	2.1	$560,000	01/05/24	5
1023 Putnam Blvd	TOWN	2	2.1	$305,000	01/08/24	11
995 Putnam Blvd	TOWN	2	2.1	$282,122	01/12/24	6
415 New Jersey Avenue	TOWN	3	1.0	$215,000	01/12/24	90
1154 Putnam Blvd	TOWN	2	2.2	$290,000	01/19/24	8
217 Willow Road	SNG	3	1.1	$350,000	01/31/24	15
600 Scott Lane	SNG	4	2.0	$600,000	01/31/24	8
AVERAGE				$371,732		20

* DOM = Days On Market

2 of 7 transactions had a Seller Assist:

– 600 Scott Lane- $3,900

– 1154 Putnam Blvd – $1,000

Financing Methods

– Conventional Mortgage – 5 transactions

– VA Mortgage – 1 transaction

– Cash – 1 transaction

**WALLINGFORD SINGLE HOMES – JANUARY 2024 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$503,333	$560,000	$350,000	$600,000	9

**WALLINGFORD TOWNHOUSES – JANUARY 2024 – 4 SALES**
Avg Price	Median Price	Low	High	DOM*
$273,031	$286,061	$215,000	$305,000	29

**WALLINGFORD – JANUARY 2023 VS JANUARY 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	9	$377,111	42	95.7%	97.6%
2024	7	$371,732	20	99.9%	99.8%
	-22.2%	-1.4%	-52.3%	4.2%	2.2%

* DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 29, 2024 To February 4, 2024

February 6, 2024 by admin

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 10 homes listed for sale – 5 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 6, 2024 with an average asking price of $574,966.

In 2023, only 59% of recent home buyers were married couples, marking the lowest share since 2010. Nineteen percent were single females, 10% were single males, and 9% were unmarried couples.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 10 Listings
*5 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$574,966	$579,500	$261,960	$895,000	63

Single Home Market Snapshot – 8 Listings
*5 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$645,975	$664,000	$350,000	$895,000	66

Twin Home Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$319,900	$319,900	$319,900	$319,900	59

Townhouse Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$261,960	$261,960	$261,960	$261,960	47

1 Wallingford PA home went under contract

No new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

14 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold January 29, 2024 To February 4, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
217 Willow Road	SNG	3	1.1	$350,000	01/31/24	15
600 Scott Lane	SNG	4	2.0	$600,000	01/31/24	8
800 Avondale Road #5L	CONDO	3	2.0	$280,000	02/02/24	5
AVERAGE				$410,000		9

600 Scott Lane sold with a $3,900 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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* DOM = Days On Market

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S. Clark Kendus