A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 22 homes listed for sale – 16 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on October 12, 2021 with an average asking price of $502,272.
Most buyers would prefer to stay within their budget and live in a fixer-upper.
According to OpenDoor, 57% of homebuyers said they’d spend within their means for their home without going over, while 43% said they would overbid for a more updated property. However, finding that property has generally been a frustrating experience for buyers, as low inventory impacts their plans. Fifty-seven percent of buyers said they spend more time on real estate apps or looking at houses online than they do on social media.
Unsurprisingly, buyers said they are facing hurdles in their process. So much so, that 38% of potential buyers said they have paused their homebuying search. Nearly 40% cited uncertainty around COVID-19 for their pause, while 35% said the market is intimidating and 24% said there are simply not enough homes on the market. Yet, 22% said they have lost out on several bidding wars, perhaps leaving them burned out.
For those buyers still in the game, they also have concerns. Forty-one percent said they are worried about finding a home in their budget, 38% are worried about overpaying for a home and 37% are concerned about finding the right neighborhood. Even with record low mortgage rates, 30% are afraid they will go up before they can find their next home.
Regardless, buyers also have priorities on what they want in their home. Zillennials, defined as those born between 1993 and 1998, are most likely to want a large backyard, while baby boomers are seeking a modern kitchen. Millennials and Generation X are most likely to want environmentally-friendly features.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
4 Wallingford PA homes went under contract
3 new listings came onto the market
No listings were withdrawn from the market
1 listing was temporarily taken off the market
No listings expired
48 homes are Under Contract at this time
3 Wallingford PA homes sold last week
|344 Saybrook Lane||CONDO||2||1.0||$140,000||10/05/21||4|
|738B Putnam Blvd||CONDO||2||1.0||$130,000||10/05/21||9|
|522 Washington Avenue||TWIN||3||1.1||$370,000||10/06/21||15|
No homes sold with a Seller Assist:
Wallingford PA Real Estate – Wallingford, PA 19086