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 19 homes listed for sale – 9 Active listings and 10 Active Under Contract listings – in Wallingford PA and Nether Providence Township on April 23, 2024 with an average asking price of $661,942.

After a promising start to the year, existing-home sales declined 4.3% in March, to a seasonally adjusted annual rate of 4.19 million, according to the latest report from the National Association of REALTORS® (NAR). This represents a 3.7% decline year-over-year (in March 2023, home sales were 4.35 million). 

After dropping to the lowest level in 30 years in December 2023, January 2024 offered a rebound – with existing-home sales continuing to surge in February. 

Continuing a nine-month streak of price gains, the median home price was $393,500. This is 4.8% higher than March 2023 ($375,300) and, according to NAR, the highest median price ever for the month of March.

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Wallingford Market Snapshot – 19 Listings
9 – Active  10 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$661,942	$625,000	$270,000	$1,400,000	49

Single Home Market Snapshot – 16 Listings
7 – Active  9 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$723,869	$639,000	$275,000	$1,400,000	53

Condo Market Snapshot – 2 Listings
2 – Active   No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$310,000	$310,000	$270,000	$350,000	42

Townhouse Market Snapshot – 1 Listing
No Active   1 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,000	$375,000	$375,000	$375,000	5

4 Wallingford PA homes went under contract

2 new listings came onto the market

1 listing was withdrawn from the market

No listings were temporarily taken off the market

No listings expired

24 homes are Under Contract at this time

3 Wallingford PA home sold last week

Wallingford Homes Sold April 15, 2024 To April 21, 2024

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
608 Wallingford Avenue	TWIN	4	1.0	$280,000	04/15/24	19
402 Moylan Avenue	SNG	6	3.1	$1,350,000	04/16/24	23
517 Manchester Avenue	SNG	3	1.1	$395,000	04/17/24	23
AVERAGE				$675,000		22

402 Moylan Avenue sold with a $6,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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 21 homes listed for sale – 11 Active listings and 10 Active Under Contract listing – in Wallingford PA and Nether Providence Township on April 16, 2024 with an average asking price of $640,276.

Home prices have been the bane of the real estate news cycle for a while now, bringing a damper on the home-buying market. However, recent data shows that home prices really might not have kept buyers out as much as was thought.

A new report from LendingTree found that from 2012 to 2022 homeownership rates have increased 108 basis points in the nation’s 50 largest metros. To get more specific from 2019 to 2022 alone homeownership rates increased by 93 basis points.

As of 2022, LendingTree’s report found that almost 43.5 million of the 70.4 million occupied housing units in the nation’s 50 largest metros were owner-occupied. The overall homeownership rate across these metros is 61.72%.

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Wallingford Market Snapshot – 21 Listings
12 – Active  9 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$640,276	$625,000	$199,900	$1,400,000	41

Single Home Market Snapshot – 17 Listings
8 – Active  9- Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$720,641	$629,000	$275,000	$1,400,000	47

Condo Market Snapshot – 3 Listings
3- Active   No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$273,300	$270,000	$199,900	$350,000	24

Townhouse Market Snapshot – 1 Listing
1 – Active   No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,000	$375,000	$375,000	$375,000	5

6 Wallingford PA homes 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

23 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold April 8, 2024 To April 14, 2024

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
804B Putnam Blvd	CONDO	2	1.0	$210,000	04/10/24	3
AVERAGE				$210,000		3

 Wallingford PA Real Estate – Wallingford, PA 19086

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 16 homes listed for sale – 12 Active listings and 4 Active Under Contract listing – in Wallingford PA and Nether Providence Township on April 9, 2024 with an average asking price of $629,419.

In 2023, $363.3 billion in property taxes were levied on single-family homes, which is an increase of 6.9% from $339.8 billion in 2022 – nearly double the 3.6% growth rate – according to ATTOM’s 2023 Property Tax Analysis Report.

Data provided in the report also indicates that the average tax on single-family homes rose to $4,062 last year, up 4.1%, after jumping 3% in 2022. Additionally, the latest average tax throughout the country resulted in an effective tax rate of 0.87%, the first increase since 2017 – up from 0.83% in 2022.

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Wallingford Market Snapshot – 16 Listings
12 – Active  4 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$629,419	$627,000	$270,000	$1,549,900	48

Single Home Market Snapshot – 13 Listings
9 – Active  4- Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$698,131	$649,000	$299,999	$1,549,900	55

Condo Market Snapshot – 2 Listings
2 – Active   No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$310,000	$310,000	$270,000	$350,000	28

Townhouse Market Snapshot – 1 Listing
1 – Active   No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,000	$375,000	$375,000	$375,000	5

6 Wallingford PA homes 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

1 listing expired

18 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold April 1, 2024 To April 7, 2024

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
727 Pine Ridge Road	SNG	3	2.1	$795,000	04/01/24	4
703 Columbus Court	ROW	2	1.0	$130,000	04/03/24	3
404 Laurel Lane	SNG	4	2.1	$643,000	04/04/24	3
860 Parkridge Drive	SNG	4	2.1	$652,000	04/04/24	5
309 W Rose Valley Road	SNG	3	1.0	$375,000	04/05/24	7
112 Dundee Mills Lane	TOWN	4	3.1	$585,000	04/05/24	4
AVERAGE				$530,000		4

 Wallingford PA Real Estate – Wallingford, PA 19086

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 13 homes listed for sale – 11 Active listings and 2 Active Under Contract listing – in Wallingford PA and Nether Providence Township on April 2, 2024 with an average asking price of $583,477.

The housing market in 2023 was brutal. Mortgage approvals and home sales hit a 30-year low as mortgage rates soared and housing inventory dwindled. But according to new data from ICE Mortgage Technology, a record number of first-time homebuyers took out conventional loans last year despite the slowdown.

Recent data on agency mortgage-backed security (MBS) issuance reveals that first-time homebuyers (FTHBs) took out 55% of all agency purchase mortgages last year. That’s the highest share in a decade.

In all, just 4.3 million mortgages were originated in 2023, according to ICE’s March 2024 Mortgage Monitor Report.

Additionally, the existing-home sales, which account for most home sales, fell 19% in 2023 from the previous year to 4.09 million, according to the National Association of REALTORS®.

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Wallingford Market Snapshot – 13 Listings
11 – Active  2 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$583,477	$629,000	$199,000	$1,574,900	54

Single Home Market Snapshot – 9 Listings
7 – Active  2- Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$727,522	$649,900	$299,999	$1,574,900	73

Condo Market Snapshot – 4 Listings
4 – Active   No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$259,375	$244,250	$199,000	$350,000	11

2 Wallingford PA homes went under contract

2 new listings came onto the market

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

17 homes are Under Contract at this time

No Wallingford PA homes sold last week

Wallingford Homes Sold March 25, 2024 To March 31, 2024

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –
AVERAGE

 Wallingford PA Real Estate – Wallingford, PA 19086

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. 

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Wallingford Market Snapshot – 9 Listings
8 – Active  1 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$561,255	$649,000	$278,500	$795,000	70

Single Home Market Snapshot – 7 Listings
6 – Active  1 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$631,828	$649,900	$299,999	$795,000	86

Condo Market Snapshot – 2 Listings
2 – Active   No Active Under Contract

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

Wallingford Homes Sold March 18, 2024 To March 24, 2024

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –
AVERAGE

 Wallingford PA Real Estate – Wallingford, PA 19086