A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 28 homes listed for sale – 15 Active listings and 13 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 1, 2021 with an average asking price of $470,221.
Home sellers are expecting more than list price when they go to sell. And there’s good reason why they believe that: Over half of homes – 51% – are selling for more than the asking price, a record high, according to new research data from the real estate brokerage Redfin. A year ago, 26% of homes were selling for above asking price.
“The fact that homes keep selling for more and more above asking prices goes to show that many more people want a home than there are homes for sale,” says Daryl Fairweather, Redfin’s chief economist. “I don’t see, that changing until mortgage rates increase, which will likely happen later this year. But until then, the housing market will remain red-hot.”
Over the past 30 days 57%, 12 of 21, Wallingford homes have sold for over asking price.
Just how high above asking price must buyers go? With bidding wars common, some buyers are bidding up homes to extremes. In Marin County, Calif., a bidding war for a 1,305-square-foot home with a single bathroom, listed for $1.298 million, fetched 18 offers that pushed the asking price 58% higher to $2.057 million.
More home buyers are waiving appraisals so that the sale doesn’t fall through. In April, 19% of homes had their appraised value come in below the contract price, according to data from CoreLogic. Over the two previous years, 8% of homes were appraised for lower than the contract price
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $470,221 | $474,950 | $139,000 | $870,000 | 31 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $532,552 | $515,000 | $199,500 | $870,000 | 37 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $309,000 | $309,000 | $309,000 | $309,000 | 1 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $297,900 | $297,900 | $297,900 | $297,900 | 10 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $274,960 | $300,000 | $139,900 | $349,900 | 12 |
*DOM = Days On Market
7 Wallingford PA homes went under contract
4 new listings came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
1 listing expired
54 homes are Under Contract at this time
4 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 800 Avondale Road #3J | CONDO | 3 | 2.0 | $179,900 | 05/24/21 | 53 |
| 1000 Putnam Blvd #107 | CONDO | 2 | 2.1 | $228,000 | 05/25/21 | 30 |
| 816 Maple Road | TWIN | 3 | 1.1 | $265,000 | 05/27/21 | 7 |
| 603 Rockbourne Mills Court | TOWN | 3 | 2.1 | $385,000 | 05/27/21 | 29 |
| AVERAGE | $264,475 | 30 |
1 home sold with a Seller Assist:
– 816 Maple Road – $1,500
Wallingford PA Real Estate – Wallingford, PA 19086
