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

There are 30 homes listed for sale – 22 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on September 7, 2021 with an average asking price of $407,757.

Despite a record high median home sales price, buying a starter home is less expensive than renting in nearly half of markets, realtor.com® found.

In Pennsylvania Pittsburgh was named one of the most affordable places in the country to buy instead of rent. There, buying a starter home compared to renting is 27.7% cheaper or $315 a month less. The median rent for the area is $1,376, compared to a monthly homeownership cost of $995. Rents are up 8.3% compared to last year, while home prices are up 18.9%.

While home prices have been on the rise, so have rent prices, as the report found that rents are up nearly 10% year over year across the U.S. Starter homes are more affordable than the national median home price by more than $100,000, at $192,000 compared to $297,000.

In Philadelphia, it is 9.2% cheaper to buy a starter home than to rent, even though rents have only gone up 3.5% year over year, a starter home will save consumers close to $150 a month compared to renting

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Wallingford Market Snapshot – 30 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$407,757	$379,000	$199,899	$990,000	32

Single Home Market Snapshot – 18 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$488,972	$491,950	$239,999	$990,000	33

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$380,900	$445,900	$234,900	$461,900	35

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$249,950	$249,950	$199,900	$299,000	13

Twin Home Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$255,657	$239,999	$198,899	$310,000	35

4 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No listings were withdrawn from the market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

1 listing expired

40 homes are Under Contract at this time

3 Wallingford PA homes sold 

Wallingford Homes Sold August 23, 2021 To August 29, 2021

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
110 Walker Lane	SNG	5	4.1	$768,000	08/30/21	5
110 Chestnut Lane	SNG	5	3.0	$703,499	08/31/21	9
105 Willow Road	SNG	3	1.0	$311,000	09/01/21	12
AVERAGE				$594,166		9

No homes 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 33 homes listed for sale – 23 Active listings and 10 Active Under Contract listings – in Wallingford PA and Nether Providence Township on August 24, 2021 with an average asking price of $407,391.

Another month, another record-breaking rent price increase. According to the latest Single-Family Rent Index report from CoreLogic released on Tuesday, rent for a single-family home increased by 7.5% year over year in June. Last month, that number was at 6.6%.

Once again, such growth is unparalleled since 2005 in large part due to the inventory shortage affecting almost all of the country. According to CoreLogic’s analysis, 85 percent of renters would prefer a single-family home while the number of properties available has struggled to keep up with demand. This is causing the steep rise in prices observed most dramatically in cities like Phoenix, where prices rose 16.5% in June, and Las Vegas, where they rose by 12.9%. 

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Wallingford Market Snapshot – 33 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$407,391	$425,000	$129,900	$990,000	31

Single Home Market Snapshot – 20 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$487,980	$491,950	$180,000	$990,000	32

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$389,200	$453,900	$140,000	$509,000	38

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$253,950	$253,950	$210,000	$297,900	27

Twin Home Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$231,371	$239,999	$129,900	$300,000	26

2 Wallingford PA homes went under contract 

4 new listings came onto the market 

No listings were withdrawn from the market

2 listings were temporarily taken off the market

1 listing expired

38 homes are Under Contract at this time

6 Wallingford PA homes sold 

Wallingford Homes Sold August 16, 2021 To August 22, 2021

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
439 New Jersey Avenue	SNG	2	1.0	$148,000	08/17/21	3
36 Waterford Way	SNG	4	2.1	$526,000	08/18/21	18
1049 Putnam Blvd	TOWN	3	2.2	$310,000	08/18/21	6
510 Morris Lane	SNG	3	2.1	$477,500	08/19/21	5
505 Oakcrest Lane	SNG	4	2.1	$621,500	08/20/21	6
608 School Lane	SNG	4	2.1	$495,000	08/20/21	6
AVERAGE				$429,667		7

No homes 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 34 homes listed for sale – 22 Active listings and 12 Active Under Contract listings – in Wallingford PA and Nether Providence Township on August 17, 2021 with an average asking price of $400,744.

Housing affordability continues to be a struggle for the real estate industry.

According to the NAHB/Wells Fargo Housing Opportunity Index, 43.4% of existing homes sold from the beginning of April through the end of June 2021 were not affordable to families who earned the median income in the country, which is $79,900. While 56.6% of existing homes sold in the second quarter were affordable, that is down 6.5% from 63.1% in the first quarter of 2021. The median home price skyrocketed to over $350,000 in the second quarter, an increase of $30,000 from the first quarter of 2021, making it the largest jump since the HOI was established in the first quarter of 2012. Housing affordability is now at its lowest level in nearly a decade.

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Wallingford Market Snapshot – 34 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$400,744	$384,500	$129,900	$990,000	29

Single Home Market Snapshot – 19 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$493,742	$489,000	$180,000	$990,000	32

Townhouse Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$348,617	$377,900	$140,000	$509,000	24

Condo Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,900	$297,900	$297,900	$297,900	43

Twin Home Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$231,825	$239,950	$129,900	$300,000	25

7 Wallingford PA homes went under contract 

7 new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

33 homes are Under Contract at this time

10 Wallingford PA homes sold 

Wallingford Homes Sold August 2, 2021 To August 15, 2021

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
102 Quaint Road	SNG	3	2.1	$615,570	08/04/21	5
307 Marlyn Lane	SNG	4	3.1	$720,000	08/04/21	4
714 Pennsylvania Avenue	SNG	2	1.0	$155,000	08/09/21	3
613 Georgetown Road	SNG	3	1.1	$375,000	08/09/21	9
609 E Wiltshire Drive	TWIN	4	3.1	$335,000	08/10/21	57
722A Putnam Blvd	CONDO	2	1.0	$112,500	08/11/21	13
310B Saybrook Lane	CONDO	2	1.0	$137,500	08/11/21	6
207 Fairfield Drive	SNG	4	2.1	$413,500	08/12/21	4
313 Colonial Drive	SNG	5	3.2	$715,000	08/12/21	5
303 Cooper Drive	SNG	3	2.1	$350,000	08/13/21	4
AVERAGE				$392,907		11

No homes 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 36 homes listed for sale – 24 Active listings and 12 Active Under Contract listings – in Wallingford PA and Nether Providence Township on August 3, 2021 with an average asking price of $419,575.

More inventory may be on the way, thanks to the COVID-19 vaccine. Nearly one-third of agents reported that the vaccine is impacting the market, most specifically, that sellers’ health concerns about the prevalence of the virus and having people in and out of their homes is dropping. Nearly half of agents surveyed said they have seen sellers take advantage of the market even though they hadn’t planned to list and 48% said they anticipate more homes to hit the market over the summer and through the fall. Specifically, 61% said they think almost-retirees will move or downsize a little earlier than planned to earn more on the sale of their home and 59% said empty nesters will list earlier than expected and use the money to relocate. And with more companies going fully remote, 43% expect remote workers to list their homes and move somewhere less expensive.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 36 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$419,575	$405,000	$119,900	$990,000	25

Single Home Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$519,029	$499,000	$180,000	$990,000	29

Townhouse Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$349,600	$377,900	$145,900	$509,000	14

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$208,900	$208,900	$119,900	$297,900	21

Twin Home Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$241,386	$239,900	$129,900	$320,000	26

4 Wallingford PA homes went under contract 

6 new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

45 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold July 26, 2021 To August 1, 2021

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
504 Georgetown Road	SNG	4	2.1	$600,000	07/26/21	15
800 Avondale Road #2D	CONDO	3	2.0	$206,500	07/27/21	9
118 Chestnut Parkway	SNG	3	1.0	$285,000	07/27/21	5
607 Media Parkway	SNG	3	1.1	$365,000	07/29/21	5
AVERAGE				$364,125		9

No homes sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086