The 2nd quarter of 2022 in Wallingford PA recorded 55 closed transactions vs 69 last year. The average sale price continued to rise climbing 6.5% over last year to $453,847.
Sellers reaped the benefits of a market with very limited inventory with 28 – 51% – of homes selling for more than the asking price. The ratio of selling price to original asking price was over 100% at 103.3%.
The core category of single family homes recorded 32 sales with an average selling price of $564,016 compared to last year’s average selling price of $565,485 when 41 single homes sold.
Days On Market averaged crept up by 1 day compared to last year to 13. Buyers were quick to contract with 60% over homes sold during the quarter selling in 7 days or less.
April recorded 18 sales, May had 16 sales, and 21 homes were sold in June.
The highest priced home sold in the quarter was 6 E Brookhaven Road which sold in May for $1,085,000.
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2021 | 69 | $425,957 | 12 | 102.9% | 103.1% |
| 2022 | 55 | $453,847 | 13 | 103.3% | 103.0% |
| -20.3% | 6.5% | 8.3% | 0.4% | -0.1% |
2ND QUARTER 2022 – SALES BY PRICE RANGE
| PRICE RANGE | SALES | % Of SALES |
|---|---|---|
| $100,000 To $200,000 | 7 | 12.7% |
| $200,000 To $300,000 | 7 | 12.7% |
| $300,000 To $400,000 | 9 | 16.4% |
| $400,000 To $500,000 | 7 | 12.7% |
| $500,000 To $600,000 | 12 | 21.8% |
| $600,000 To $700,000 | 6 | 10.9% |
| $700,000 To $800,000 | 4 | 7.3% |
| $800,000 To $900,000 | 1 | 1.8% |
| $900,000 To $1,000,000 | 1 | 1.8% |
| > $1,000,000 | 1 | 1.8% |
| TOTAL | 55 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $564,016 | $550,000 | $285,000 | $1,085,000 | 13 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $204,816 | $169,500 | $143,000 | $345,710 | 10 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $377,215 | $300,000 | $227,500 | $602,110 | 19 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $367,500 | $340,000 | $290,000 | $500,000 | 5 |
*DOM = Days On Market
Wallingford PA Real Estate – Wallingford, PA 19086
