A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 70 homes listed for sale in Wallingford PA and Nether Providence Township on September 26, 2017 with an average asking price of $388,027.
New homes are expected to be a “primary driver of sales in 2018,” as 1.33 million housing starts are predicted next year—up from 1.22 million in 2017, according to Freddie Mac’s September Outlook report, which gauges future real estate activity. Total home sales are expected to increase about 2% from 2017 to 2018, according to the report.
Economists also predict that the uptick in housing starts, coupled with a moderate increase in mortgage rates, will help slow the run-up in home prices next year. Freddie Mac forecasts a 4.9% increase in home prices in 2018, lower than the 6.3% growth seen so far this year. Mortgage rates also are up from near-record lows in 2016, prompting predictions that refinancings will fall to 25% of mortgage activity in 2018 – the lowest share since 1990, according to Fannie Mae.
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $388,027 | $378,400 | $99,900 | $764,999 | 101 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $430,164 | $425,000 | $125,000 | $764,999 | 102 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $233,525 | $192,595 | $99,900 | $490,000 | 97 |
*DOM = Days On Market
9 Wallingford PA homes went under contract
17 new listings came onto the market
3 listings expired
5 listings were withdrawn from the market
25 homes are Under Contract at this time
8 Wallingford PA homes sold
| ADDRESS | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|
| 122 S Providence Road | 4 | 2.1 | $630,000 | 09/11/17 | 53 |
| 608 Rockbourne Mills Ct | 3 | 3.1 | $375,000 | 09/12/17 | 161 |
| 116 Ash Road | 3 | 1.1 | $250,000 | 09/13/17 | 8 |
| 2 Chatham Place | 4 | 2.1 | $525,000 | 09/14/17 | 146 |
| 602 Columbia Mills Ct | 3 | 3.1 | $350,000 | 09/15/17 | 72 |
| 312 Media Parkway | 3 | 1.0 | $145,000 | 09/15/17 | 173 |
| 206 Linden Lane | 5 | 3.1 | $640,000 | 09/18/17 | 13 |
| 314 Plush Mill Road | 4 | 3.2 | $875,000 | 09/20/17 | 119 |
| Average | $473,750 | 93 |
2 homes sold with a Seller Assist
– 608 Rockbourne Mills Ct – $10,000
– 116 Ash Road – $1,200
Wallingford PA Real Estate – Wallingford, PA 19086
