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

There are 16 homes listed for sale - 9 Active listings and 7 Active Under Contract listings - in Wallingford PA and Nether Providence Township on January 16, 2024 with an average asking price of $537,454.

A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a “significant shift” in expectations that could free homeowners from the so-called “lock-in effect.”

The lock in effect is the disincentive for existing homeowners to sell their homes because their current mortgage rate is well below current market.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot - 16 Listings
9 - Active 7 - Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$537,454	$514,950	$261,960	$895,000	46

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

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$614,782	$629,000	$350,000	$895,000	43

Twin Home Market Snapshot - 2 Listings
1 - Active 2 - Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$364,900	$364,900	$319,900	$409,900	58

Townhouse Market Snapshot - 3 Listings
1 -Active 2 - Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$368,953	$299,900	$261,960	$545,000	49

3 Wallingford PA homes 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No listings were withdrawn from the market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

12 homes are Under Contract at this time

3 Wallingford PA homes sold last week

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

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1023 Putnam Blvd	TOWN	2	2.1	$305,000	01/08/24	11
995 Putnam Blvd	TOWN	2	2.1	$282,122	01/12/24	6
415 New Jersey Avenue	TOWN	3	1.0	$215,000	01/12/24	90
AVERAGE				$267,374		36

Wallingford PA Real Estate - Wallingford, PA 19086

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

There are 16 homes listed for sale - 11 Active listings and 5 Active Under Contract listings - in Wallingford PA and Nether Providence Township on January 9, 2024 with an average asking price of $537,454.

In 2023, homebuyers were largely met with tight inventory, surging interest rates, and record-high prices. But, according to experts, 2024 may be turning over a new – and better – leaf.

“The worst in home sales is over. The worst in housing affordability is over. This year will be a year of home sales recovery,” Lawrence Yun, chief economist at the National Association of Realtors, told FOX Television Stations.

According to data mortgage rates continue to drop to more manageable levels for homebuyers, declining for nine consecutive weeks and potentially dropping further in 2024

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot - 16 Listings
11 - Active 5 - Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$537,454	$514,950	$261,960	$895,000	42

Single Home Market Snapshot - 11 Listings
8 - Active 3 - Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$614,782	$629,000	$350,000	$895,000	39

Twin Home Market Snapshot - 2 Listings
2 - Active No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$364,900	$364,900	$319,900	$409,900	54

Townhouse Market Snapshot - 3 Listings
1 -Active 2 - Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$368,953	$299,900	$261,960	$545,000	47

4 Wallingford PA homes went under contract

3 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

11 homes are Under Contract at this time

1 Wallingford PA home sold last week

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

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
703 Oxford Lane	SNG	4	2.1	$560,000	01/05/24	5
AVERAGE				$560,000		5

Wallingford PA Real Estate - Wallingford, PA 19086

The year 2023 finishes with 13 home sales in Wallingford PA in December the same total as last year. The average selling price rose 20.0% to $451,492 from $376,354. Sales consisted of 11 single family homes and 2 townhouse in The Mills @ Rose Valley. Homes sold during the month spent an average of 32 days on the market.

December’s 11 single family homes sold for an average price of $434,491 vs an average selling price of $446,125 in 2022 as the result of 8 sales.

206 Martroy Lane had the highest selling price for the month at $610,000.

Just 1 home went under contract during the month.

There are 6 settlements scheduled in January, 1 in February, and 1 in November

The year 2023 concludes with 166 closed transactions down 55 units from 2023. The average selling price for Wallingford homes in 2023 increased 7.8% to $459,285 over last year’s $425,979.

Wallingford Homes Sold December 2023

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
303 Highland Avenue	SNG	3	2.0	$425,000	12/07/23	6
503 Media Parkway	SNG	3	1.0	$345,000	12/08/23	7
608 Rockbourne Court	TOWN	4	3.1	$505,000	12/08/23	33
1014 S Providence Road	TOWN	3	2.1	$510000	12/08/23	76
403 Media Parkway	SNG	3	2.0	$264,000	12/11/23	7
202 Hillsboro Mills Lane	TOWN	4	3.1	$585,000	12/12/23	7
318 Highland Avenue	SNG	4	2.0	$431,000	12/13/23	36
726 W Brookhaven Road	SNG	3	2.1	$505,000	12/21/23	126
311 Chestnut Parkway	TOWN	3	2.0	$320,000	12/22/23	6
206 Martroy Lane	SNG	5	3.0	$610,000	12/28/23	4
116 Cameron Drive	SNG	4	2.0	$424,900	12/28/23	4
300 Barry Lane	SNG	4	2.0	$483,500	12/28/23	29
227 Canterbury Drive	SNG	4	1.1	$405,000	12/28/23	78
AVERAGE				$451,492		32

* DOM = Days On Market

4 of 13 transactions sold with a Seller Assist:

- 1014 S Providence Road - $30,000

- 726 W Brookhaven Road - $13,770

- 311 Chestnut Parkway - $9,600

- 116 Cameron Drive - $3,000

Financing Methods

- Conventional Mortgage -8 transactions

- Cash -4 transactions

- FHA Mortgage - 1 transaction

WALLINGFORD SINGLE HOMES - DECEMBER 2023 - 11 SALES

Avg Price	Median Price	Low	High	DOM*
$434,491	$424,900	$320,000	$610,000	34

WALLINGFORD TOWNHOUSES - DECEMBER 2023 - 2 SALES

Avg Price	Median Price	Low	High	DOM*
$545,000	$545,000	$505,000	$585,000	20

WALLINGFORD - DECEMBER 2022 VS DECEMBER 2023

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	13	$376,354	30	94.4%	98.1%
2023	13	$451,492	32	98.7%	102.1%
	0.0%	20.0%	6.7%	4.3%	4.0%

* DOM = Days On Market

Wallingford PA Real Estate - Wallingford, PA 19086