A weekly review of recently sold homes in Wallingford PA and current market statistics.
There are 25 homes listed for sale – 20 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 2, 2022 with an average asking price of $414,427.
The intense market competition of the last two pandemic-fueled years is finally beginning to slow down, according to a new report released Thursday by Seattle-based brokerage Redfin.
Nineteen percent of homesellers – or nearly one in five – dropped their listing price during the four-week period ending on May 22, 2022, marking the largest number of sellers to do so since pre-pandemic times in October 2019, Redfin reported.
During the four-week period ending May 1, just 15% of sellers dropped their asking price.
In addition, the typical listing’s time on market, the share of homes that have gone pending within one week, and the share of homes sold above-asking have all plateaued, another sign of the market cooling off. Mortgage purchase applications were also at the same rate as they were in June 2020 (down 16%year over year) and the number of buyers visiting and making offers on homes, according to the Redfin Homebuyer Demand Index, saw its largest annual decrease since April 2020, a decline of 12% year over year.
View all Nether Providence Twp Homes For Sale
View all Homes Listed In The Last 7 Days
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $414,427 | $415,000 | $295,000 | $620,000 | 19 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $468,978 | $467,000 | $295,000 | $625,000 | 23 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $188,725 | $197,450 | $155,000 | $205,000 | 13 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $388,058 | $385,000 | $279,173 | $500,000 | 6 |
4 Wallingford PA homes went under contract
5 new listings came onto the market
No listings were withdrawn from the market
No listings were temporarily taken off the market
No listings expired
39 homes are Under Contract at this time
2 Wallingford PA homes sold last week
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 6 E Brookhaven Road | SNG | 5 | 4.1 | $1,085,000 | 05/24/22 | 41 |
| 506 S Media Way | CONDO | 2 | 2.0 | $345,710 | 05/25/22 | 1 |
| AVERAGE | $714,355 | 21 |
N6 E Brookhaven Road sold with a $7,290 Seller Assist:
Wallingford PA Real Estate – Wallingford, PA 19086
