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.

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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No listings were withdrawn from the market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

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.

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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

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.

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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

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

There are 13 homes listed for sale – 7 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 23, 2024 with an average asking price of $564,966.

Mortgage rates have dropped to their lowest level since May 2023. The 30 year fixed rate mortgage averaged 6.6% as of January 18 according to Freddie Mac.

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Wallingford Market Snapshot – 13 Listings
7 – Active  6 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$564,966	$530,000	$261,960	$895,000	48

Single Home Market Snapshot – 11 Listings
7 – Active  4 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$614,791	$629,000	$350,000	$895,000	47

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

4 Wallingford PA homes went under contract

1 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

15 homes are Under Contract at this time

1 Wallingford PA home sold last week

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

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1154 Putnam Blvd	TOWN	2	2.2	$290,000	01/19/24	8
AVERAGE				$290,000		8

1154 Putnam Blvd sold with a $1,000 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086