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

There are 60 homes listed for sale in Wallingford PA and Nether Providence Township on November 20, 2018 with an average asking price of $432,015.

Millennials who put off home ownership may be severely curtailing their ability to build wealth over their lifetimes, warns a new report from the Urban Institute. The study concludes that buying a home at an early age offers a big bang for their housing buck.

Researchers tracked individuals since 1968 to identify those who reached age 60 between 2003 and 2015 and how home ownership has affected their finances. Of those now in their early 60s, individuals who had purchased their first home between the ages of 25 and 34 had a median housing wealth of $150,000, while those who waited to buy until they were between 35 and 44 had $72,000 less. Those individuals who did not buy until 45 or older had median wealth of at least $100,000 less than those who purchased between the ages of 25 to 34, according to the study.

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Wallingford Market Snapshot – 60 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$432,015	$340,000	$80,000	$1,875,000	109

Single Home Market Snapshot – 43 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$527,674	$424,900	$184,900	$1,875,000	110

Twin Home Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$185,700	$179,450	$124,900	$259,000	148

Townhouse Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$240,486	$209,900	$175,000	$340,000	82

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$154,925	$154,950	$124,900	$184,900	56

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$92,500	$92,500	$80,000	$105,000	224

*DOM = Days On Market

2 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

No listings were withdrawn from the market

24 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold November 12, 2018 To November 18, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
207 Ridgewood Road	3	1.1	$380,000	11/12/18	31
201 W Glendale Road	4	2.1	$385,000	11/14/18	153
1000 Putnam Blvd #107	2	2.1	$136,500	11/16/18	124
1009 Putnam Blvd	2	2.1	$174,900	11/16/18	135
AVERAGE			$269,100		111

2 homes sold with a Seller Assist

– 207 Ridgewood Road – $10,000

– 1009 Putnam Blvd – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 62 homes listed for sale in Wallingford PA and Nether Providence Township on November 13, 2018 with an average asking price of $423,419.

Baby Boomers are not ready to let go. The approximately 70 million Americans between 54 and 73 years old are not downsizing into smaller homes—even though Boomers living in empty nests have an average of two extra bedrooms. In 2005, more senior households were moving into multifamily than single-family housing by age 75. In 2016, this inflection point didn’t happen until age 80.

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Wallingford Market Snapshot – 62 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$423,419	$332,500	$80,000	$1,875,000	102

Single Home Market Snapshot – 43 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$527,063	$410,000	$184,900	$1,875,000	104

Twin Home Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$193,450	$194,950	$124,900	$259,000	141

Townhouse Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$234,363	$199,700	$175,000	$340,000	76

Condo Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$150,920	$136,900	$124,900	$184,900	44

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$92,500	$92,500	$80,000	$105,000	217

*DOM = Days On Market

4 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

28 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold November 5, 2018 To November 11, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #7P	1	1.0	$77,000	11/06/18	10
5 Waterville Road	3	1.1	$140,000	11/09/18	48
AVERAGE			$108,500		29

Neither home sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 65 homes listed for sale in Wallingford PA and Nether Providence Township on November 6, 2018 with an average asking price of $419,023.

Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 1:

• 30-year fixed-rate mortgages: averaged 4.83%, with an average 0.5 point, dropping from last week’s 4.86% average. Last year at this time, 30-year rates averaged 3.94%.
• 15-year fixed-rate mortgages: averaged 4.23 percent, with an average 0.5 point, falling from last week’s 4.29% average. A year ago, 15-year rates averaged 3.27%.

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Wallingford Market Snapshot – 65 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$419,023	$340,000	$80,000	$1,875,000	101

Single Home Market Snapshot – 44 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$532,325	$404,500	$184,900	$1,875,000	109

Twin Home Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$194,950	$194,950	$124,900	$265,000	134

Townhouse Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$234,363	$199,700	$175,000	$340,000	69

Condo Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$140,767	$125,900	$89,999	$184,900	38

Row Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$104,967	$105,000	$80,000	$129,900	160

*DOM = Days On Market

6 Wallingford PA homes went under contract

3 new listings came onto the market

No listings expired

No listings were withdrawn from the market

25 homes are Under Contract at this time

8 Wallingford PA home sold last week

Wallingford Homes Sold October 29, 2018 To November 4, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
416 Palmers Lane	3	1.1	$416,000	10/29/18	94
800 Avondale Road #5D	3	2.0	$212,000	10/29/18	14
800 Avondale Road #7B	1	1.0	$90,000	10/30/18	4
315 N Providence Road	5	2.1	$375,000	11/01/18	171
412 Albany Court	3	1.0	$45,000	11/01/18	45
700 Avondale Road #7C	2	2.0	$129,990	11/01/18	12
742 Pennsylvania Avenue	2	1.0	$67,000	11/01/18	1
740 W Brookhaven Road	4	1.0	$325,000	11/02/18	261
AVERAGE			$196,429		75

2 homes sold with a Seller Assist

– 800 Avondale Road #7B – $750

– 740 W Brookhaven Road – $10,000

Wallingford PA Real Estate – Wallingford, PA 19086