A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 28 homes listed for sale – 17 Active listings and 11 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 25, 2021 with an average asking price of $481,350.
Homes are selling in record time at an average of 43 days – 20 days fewer than a year ago, according to realtor.com®’s latest Monthly Housing Trends Report. The market is experiencing Intense buyer competition, though inventory opened up slightly in April as more sellers started to list their homes. New listings, however, are still nearly 26% below pre-pandemic levels, the report shows.
In Wallingford the market is even hotter. Of the 38 homes that have settled over the past 3 months they spent an average of just 13 days on the market.
As buyer demand remains high, listing prices soared 17.2% annually to a new high of $375,000, according to realtor.com®. “When compared to pre-pandemic levels, it is very clear we are still not on par with the number of sellers we saw in 2017 through 2019, which is helping to drive one of the most competitive seller’s markets of all time,” says Danielle Hale, realtor.com®’s chief economist. “Home prices are continuing to surge and sales are occurring nearly three weeks faster than a normal spring home buying season.”
Hale predicts that more homeowners will list their homes over the coming months. But with 554,000 fewer homes on the market in April than a year ago and buyer demand at all-time highs, home prices will likely continue to reach new highs. Hale says prices likely will reach their peak in July or August.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $481,350 | $497,400 | $139,000 | $870,000 | 28 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $547,952 | $534,900 | $199,500 | $870,000 | 34 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $509,000 | $509,000 | $509,000 | $509,000 | 4 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $192,267 | $139,900 | $139,000 | $297,900 | 10 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $295,000 | $300,000 | $260,000 | $325,000 | 13 |
*DOM = Days On Market
6 Wallingford PA homes went under contract
6 new listings came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
51 homes are Under Contract at this time
4 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 606 School Lane | SNG | 3 | 1.1 | $400,000 | 05/17/21 | 6 |
| 6 Medbury Lane | SNG | 3 | 1.0 | $320,000 | 05/18/21 | 6 |
| 428 New Jersey Avenue | TWIN | 2 | 1.0 | $154,000 | 05/20/21 | 5 |
| 119 Brent Drive | SNG | 4 | 3.0 | $572,000 | 05/21/21 | 7 |
| AVERAGE | $361,500 | 6 |
1 home sold with a Seller Assist:
– 119 Brent Drive – $5,000
Wallingford PA Real Estate – Wallingford, PA 19086
