Spring Flowers At The Thomas Leiper House
March 2023 saw quite a rollback in activity compared to last year. Fifteen homes sold in Wallingford PA during March 2023, compared to 24 closed transactions last March. The average selling price tumbled 32.3% compared to last year falling to $337,457. A much smaller number of single homes sold during the month 6 this year vs 15 last year which is the major factor in the decrease of the average selling price.
A total of $5,061,857 in real estate transferred during the month compared to $11,954,874 last year.
Six single family homes sold for an average price of $425,000 during the month and averaged 59 Days On the Market. Last March 15 single family homes sold for an average price of $588,542 and spent an average of 42 Days On the Market.
306 Colonial Drive had the highest selling price for the month at $831,000.
Buyers signed contracts for 9 homes during March, all single family homes, with an average asking price of $605,967 and an average of 20 Days On the Market.
Future settlements – 12 in April, 5 in May, and 2 in June.
At close of the 1st quarter of 2023 a total of 33 homes have sold falling short of last year’s 1st quarter by 18 homes. The average sales price decreased to $387,268 from last year when it stood at $454,415, representing a 14.8% decrease.
| ADDRESS | TYPE | BED | BATH | PRICE | SETTLED | DOM* |
|---|---|---|---|---|---|---|
| 506 Maple Road | SNG | 2 | 1.1 | $288,000 | 03/01/23 | 11 |
| 1000 Putnam Blvd #205 | CONDO | 2 | 2.0 | $185,000 | 03/09/23 | 9 |
| 7 Sharpless Lane | SNG | 4 | 2.1 | $535,000 | 03/09/23 | 4 |
| 117 Waterville Road | SNG | 4 | 2.1 | $250,000 | 03/10/23 | 230 |
| 704 Concord Court | ROW | 3 | 1.0 | $145,000 | 03/14/23 | 6 |
| 432 Leiper Street | TWIN | 2 | 1.0 | $250,000 | 03/14/23 | 250 |
| 516 South Media Way | TOWN | 3 | 3.0 | $629,785 | 03/14/23 | 1 |
| 215 Moore Road | SNG | 3 | 1.1 | $290,000 | 03/15/23 | 89 |
| 21 Walnut Road | SNG | 3 | 2.0 | $356,000 | 03/17/23 | 10 |
| 750A Putnam Blvd | CONDO | 2 | 1.0 | $200,000 | 03/23/23 | 3 |
| 1000 Putnam Blvd #202 | CONDO | 3 | 2.0 | $235,000 | 03/28/23 | 3 |
| 306 Colonial Drive | SNG | 6 | 3.1 | $831,000 | 03/29/23 | 10 |
| 800 Avondale Road #5J | CONDO | 3 | 2.0 | $235,000 | 03/31/23 | 9 |
| 727 Pennsylvania Avenue | TWIN | 1 | 1.0 | $128,302 | 03/31/23 | 6 |
| 518 South Media Way | CONDO | 3 | 2.0 | $447,770 | 03/31/23 | 1 |
| AVERAGE | $337,457 | 43 |
* DOM = Days On Market
2 of 15 transactions sold with a Seller Assist:
– 1000 Putnam Blvd #202 – $1,000
– 750A Putnam Blvd – $5,000
Financing Methods
– Conventional Mortgage – 9 transactions
– Cash – 5 transactions
– FHA Mortgage – 1 transaction
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $425,000 | $323,000 | $250,000 | $831,000 | 59 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $390,393 | $390,393 | $151,000 | $629,785 | 4 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $270,540 | $210,000 | $185,000 | $447,700 | 5 |
| Avg Price | Median Price | Low | High | DOM* |
|---|---|---|---|---|
| $189,151 | $189,151 | $128,302 | $250,000 | 128 |
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2022 | 24 | $498,120 | 30 | 104.7% | 102.6% |
| 2023 | 15 | $337,457 | 43 | 100.1% | 98.6% |
| -38.0% | -32.3% | 43.3% | -4.6% | -4.0% |
Wallingford PA Real Estate – Wallingford, PA 19086
