There were 17 closed transactions in Wallingford during February which represents an increase of over 50% compared to last year. The average selling price rose 5.1% to $385,194.
Nine single family homes sold for an average price of $501,222 during the month and averaged 22 Days On the Market. Last February recorded 5 single home sales selling for an average price of $523,800 and spent an average of 84 Days On the Market.
507 Moylan Avenue had the highest selling price of the month at $1,200,000.
Fourteen listings went under contract during the month – 11 single family homes, 2 townhouses, and 1 condo – with an average asking price of $548,239 and an average of 15 Days On the Market.
There are 33 future settlements scheduled – 15 in March, 6 in April, 4 in May, and 8 new homes at Media Walk scheduled to settle from June to December.
Sales year to date are behind the pace of last year by 4 homes, with 27 closed transactions for the first 2 months of 2022 compared to 31 last year. The average selling price of $415,566 is a 7.9% increase compared to last year.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 209 Willow Road | SNG | 3 | 1.1 | $223,000 | 02/03/22 | 83 |
| 509 S Media Way | TOWN | 3 | 2.0 | $573,395 | 02/03/22 | 16 |
| 1041 Putnam Blvd | TOWN | 3 | 2.1 | $285,000 | 02/04/22 | 45 |
| 101 Possum Hollow Road | SNG | 4 | 2.1 | $825,000 | 02/09/22 | 11 |
| 4 Irving Road | SNG | 2 | 2.0 | $225,000 | 02/10/22 | 5 |
| 508 Morris Lane | SNG | 3 | 2.0 | $402,000 | 02/10/22 | 9 |
| 9 E Rose Valley Road | SNG | 3 | 1.1 | $290,000 | 02/11/22 | 37 |
| 208 Willow Road | SNG | 3 | 1.1 | $365,000 | 02/15/22 | 5 |
| 783 Pennsylvania Avenue | TWIN | 2 | 1.0 | $160,000 | 02/16/22 | 89 |
| 700 Avondale Road #PH4 | CONDO | 3 | 2.0 | $127,000 | 02/22/22 | 7 |
| 115 Beech Road | SNG | 3 | 2.0 | $396,000 | 02/24/22 | 43 |
| 800 Avondale Road #7C | CONDO | 2 | 2.0 | $164,900 | 02/25/22 | 3 |
| 704 Hartford Court | TWIN | 3 | 1.1 | $172,000 | 02/25/22 | 25 |
| 712 Pennsylvania Avenue | TWIN | 4 | 2.0 | $239,999 | 02/25/22 | 21 |
| 1370 Putnam Blvd | TOWN | 3 | 2.1 | $315,000 | 02/25/22 | 4 |
| 507 Moylan Avenue | SNG | 5 | 2.1 | $1,200,000 | 02/28/22 | 6 |
| 310 Marlyn Lane | SNG | 4 | 3.0 | $585,000 | 02/28/22 | 3 |
| AVERAGE | $385,194 | 24 |
* DOM = Days On Market
1 of 10 transactions had a Seller Assist:
– 800 Avondale Road #7C – $1,200
Financing Methods
– Conventional Mortgage – 7 transactions
– Cash – 3 transactions
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $501,222 | $396,000 | $223,000 | $1,200,000 | 22 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $190,666 | $172,000 | $160,000 | $239,999 | 45 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $391,132 | $315,000 | $285,000 | $573,395 | 22 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $145,950 | $145,950 | $127,000 | $164,900 | 5 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2021 | 10 | $366,450 | 50 | 99.3% | 99.1% |
| 2022 | 17 | $385,194 | 24 | 100.1% | 99.4% |
| 70.0% | 5.1% | -52.0% | 0.8% | 0.3% |
Wallingford PA Real Estate – Wallingford, PA 19086
