The 2nd quarter of 2024 in Wallingford PA recorded 51 closed transactions vs 50 last year. The average sale price rose substantially climbing 25.0% over last year to $598,112. The driving force behind this large increase was the atypical number of sales exceeding $900K. This year there were 8 properties that garnered a selling price greater than $900,000, with 5 homes selling for over $1,000,000.
The core category of single family homes recorded 35 sales with an average selling price of $734,747 compared to last year’s average selling price of $584,649 when 33 single homes sold.
Days On Market averaged fell to 16 days compared to last year’s 22. Buyers were quick to buy with 71% of homes sold during the quarter going under contract in 7 days or less.
April recorded 17 sales, May had 16 sales, and 18 homes were sold in June.
The highest priced home sold in the quarter was 401-403 Rogers Lane which sold in May for $1,850,000.
At the mid point of the year sales are tracking slightly behind 2023’s first 6 months with 77 closed transactions versus 83 during the first half of last year. The average sale price has increased 22.8% over last year averaging $543,075.
| SALES | AVERAGE | DOM* | % ORIG LIST | % LAST LIST | |
|---|---|---|---|---|---|
| 2023 | 50 | $478,345 | 22 | 102.4% | 102.2% |
| 2024 | 51 | $598,112 | 16 | 101.4% | 102.0% |
| 2.0% | 25.0% | -27.2% | -1.0% | -0.2% |
2ND QUARTER 2024 – SALES BY PRICE RANGE
| PRICE RANGE | SALES | % Of SALES |
|---|---|---|
| $100,000 To $200,000 | 2 | 4.0% |
| $200,000 To $300,000 | 9 | 17.6% |
| $300,000 To $400,000 | 5 | 9.8% |
| $400,000 To $500,000 | 3 | 5.9% |
| $500,000 To $600,000 | 8 | 15.7% |
| $600,000 To $700,000 | 11 | 21.5% |
| $700,000 To $800,000 | 5 | 9.8% |
| $900,000 To $1,000,000 | 3 | 5.9% |
| > $1,000,000 | 5 | 9.8% |
| TOTAL | 51 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $734,737 | $652,000 | $351,001 | $1,850,000 | 20 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $251,083 | $218,000 | $205,000 | $400,000 | 13 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $370,339 | $385,375 | $130,000 | $585,000 | 4 |
| AVERAGE | MEDIAN | LOW | HIGH | DOM* |
|---|---|---|---|---|
| $229,567 | $213,700 | $195,000 | $280,000 | 10 |
*DOM = Days On Market
Wallingford PA Real Estate – Wallingford, PA 19086
