A total of 58 homes sold during the 4th quarter of 2020 in Wallingford PA. Sales volume for the quarter exceeded last year by 10 homes. The average selling price saw a robust 34.8% increase, rising to $420,429 when compared to last year’s 4th quarter average. The steep rise in price can be attributed to stronger sales in higher price ranges – above $500,000
The 42 single family homes sold during the quarter saw their average selling price increase 27.6% compared to last year’s 4th quarter going from $398,690 last year to $508,607 in 2020. Single homes averaged 24 days on the market during the year’s final quarter.
There were 19 sales in October, 21 in November, and 18 in December.
The highest priced home sold in the 4th quarter was 4 Fern Lane that sold in November for $1,006,000.
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2019 | 48 | $311,966 | 38 | 94.8% | 97.2% |
| 2020 | 58 | $420,429 | 25 | 99.6% | 100.9% |
| 20.8% | 34.8% | -34.2% | 4.8% | 3.7% |
4TH QUARTER 2020 – SALES BY PRICE RANGE
| PRICE RANGE | SALES |
|---|---|
| < $100,000 | 1 |
| $100,000 To $200,000 | 9 |
| $200,000 To $300,000 | 7 |
| $300,000 To $400,000 | 11 |
| $400,000 To $500,000 | 11 |
| $500,000 To $600,000 | 9 |
| $600,000 To $700,000 | 5 |
| $700,000 To $800,000 | 1 |
| $800,000 To $900,000 | 2 |
| $900,000 To $1,000,000 | 1 |
| > $1,000,000 | 1 |
| TOTAL | 58 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $508,607 | $486,750 | $237,000 | $1,006,000 | 24 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $134,417 | $127,750 | $104,500 | $188,000 | 17 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $238,725 | $257,450 | $150,000 | $290,000 | 44 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $313,000 | $279,000 | $270,000 | $390,000 | 46 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $107,667 | $131,500 | $55,000 | $136,500 | 8 |
*DOM = Days On Market
2020 YEAR END SUMMARY
As the 4th quarter closes marking the end of the year closed transactions fell slightly by 3 homes to 223 for the year, which is remarkable since the pandemic shut down real estate for almost 2 months. The average selling price in Wallingford finishes at $379,689 representing a 9.6% increase from the $346,407 posted last year. The median price rose from $324,000 to $375,000.
Single family home sales accounted for 161 of transactions for 2020, up from 155 in 2019. The average selling price of $452,648 represents a 8.5% increase over last year’s average of $417,262.
Wallingford PA Real Estate – Wallingford, PA 19086
