A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 79 homes listed for sale in Wallingford PA and Nether Providence Township on April 25, 2017 with an average asking price of $357,797.
The inventory squeeze is leaving buyers with fewer options then they have seen in decades.
The inventory of homes for sale decreased by 6.6% at the end of March compared to a year ago, according to the National Association of REALTORS®. Unsold housing inventory is at a 3.8 month supply. Most economists consider a balanced market to be a five to six month supply. Forty-eight percent of homes in March sold in less than a month.
To better compete, buyers are dropping contingencies and offering more cash down. Real estate professionals also are bracing their clients for potential appraisal issues because in hot markets, homes may appraise below the bid-up sale price.
Locally in Wallingford there is an even tighter level of inventory with a 2.7 month supply.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $357,797 | $319,000 | $95,000 | $1,025,000 | 81 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $417,140 | $392,950 | $99,900 | $1,025,000 | 71 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $170,398 | $119,900 | $95,000 | $385,000 | 114 |
*DOM = Days On Market
10 Wallingford PA homes went under contract
7 new listings came onto the market
No listings expired
No listings were withdrawn from the market
53 homes are Under Contract at this time
3 Wallingford PA homes sold last week
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 404 Dewey Lane | 4 | 3.1 | $727,000 | 04/17/17 | 8 |
| 31 Willow Road | 3 | 1.1 | $219,900 | 04/19/17 | 70 |
| 832B Putnam Blvd | 2 | 1.0 | $103,000 | 04/21/17 | 28 |
| Average | $349,967 | 35 |
31 Willow Road sold with a $9,900 Seller Assist
832B was a Bank Owned Foreclosure
Wallingford PA Real Estate – Wallingford, PA 19086
