A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 34 homes listed for sale in Wallingford PA and Nether Providence Township on November 3, 2020 with an average asking price of $492,413.

The 30-year fixed-rate mortgage continued to hover near its all-time low this week, as economists predict that historically low rates will likely remain into 2021.

The 30-year fixed-rate mortgage averaged 2.81% this week, up slightly from last week’s 2.80%, which was the lowest ever in Freddie Mac’s records, dating back nearly 50 years.

“The record-low mortgage rate environment is providing tangible support to the economy at a critical time, as housing continues to propel growth,” says Sam Khater, Freddie Mac’s chief economist. “Strong purchase demand is helping to lift the construction, manufacturing, and transportation industries that build new homes and it is also leading to more consumer spending for owners, who are selling or improving their home.”

Ultra-low mortgage rates have helped homebuying activity to increase by nearly 70% compared to May, writes Nadia Evangelou, a research economist for the National Association of REALTORS® at the association’s blog.

Many homeowners are also taking advantage of the low mortgage rates to refinance their loans for lower monthly payments. Homeowners could save about $150 per month, on average, on their mortgage compared with rates a year ago. Mortgage rates lately are more than a full percentage point lower than rates over the last five years.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 34 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$492,413	$467,500	$104,900	$999,900	59

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$589,340	$550,000	$264,999	$999,900	66

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$366,133	$399,500	$269,900	$429,000	58

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$150,000	$150,000	$115,000	$185,000	14

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$174,900	$174,900	$104,900	$244,900	60

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,175	$130,175	$128,850	$131,500	11

*DOM = Days On Market

3 Wallingford PA homes went under contract 

3 new listings came onto the market 

1 listing was withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

31 homes are Under Contract at this time

9 Wallingford PA homes sold last week

Wallingford Homes Sold October 26, 2020 To November 1, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #6C	CONDO	2	2.0	$135,000	10/26/20	18
302 Denver Court	ROW	2	1.0	$55,000	10/27/20	11
415 Hawthorne Road	SNG	3	2.1	$527,500	10/29/20	5
7 Kershaw Road	SNG	5	2.1	$875,000	10/29/20	3
104 Luckie Lane	SNG	5	3.3	$975,000	10/29/20	34
17 Berkshire Drive	SNG	5	3.0	$430,000	10/29/20	41
302 Woodward Road	SNG	4	2.1	$635,000	10/30/20	5
411 Woodward Road	SNG	6	4.0	$830,000	10/30/20	1
527 Washington Avenue	TWIN	3	1.1	$265,000	10/30/20	10
AVERAGE				$525,278		14

4 homes sold with a Seller Assist

– 415 Hawthorne Road – $5,360

– 104 Luckie Lane – $8,650

– 17 Berkshire Drive – $10,000

– 527 Washington Avenue – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

A weekly review of recently sold homes in Wallingford PA and current market statistics.

There are 32 homes listed for sale in Wallingford PA and Nether Providence Township on October 20, 2020 with an average asking price of $485,492.

Don’t count on retirees to add to the inventory in the housing market today.

A large majority of retirees in the 20th annual Transamerica retirement survey are not planning to move into a retirement community or downsize to an apartment or condo in Florida, they said.

Ninety percent of retirees want to remain in their own homes as they age, with 69% stating that it is “very important” to them to do so. Of the respondents, three-quarters of retirees are homeowners, 22% said they rent and 2% said they reside with others, such as family or friends. The majority (73%) of retirees live in a single-family house, while 19% live in a multi-unit facility, like a condo or apartment and 4% reside in a retirement community.

More than 60% of retirees have not moved homes since retiring, but there are commonalities between those who do choose to move after retiring. Within the 38% of respondents who said they moved after retiring, 32% opted to move closer to friends and family, 29% moved to lessen their expenses, 29% downsized and an equal 22% started a new chapter in life and/or relocated to a better climate.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 32 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$485,492	$471,950	$104,900	$999,900	54

Single Home Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$621,700	$595,000	$350,000	$999,900	65

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$366,133	$399,500	$269,900	$429,000	49

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$135,375	$123,500	$109,500	$185,000	21

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,900	$289,900	$104,900	$474,900	58

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,175	$130,175	$128,850	$131,500	4

*DOM = Days On Market

7 Wallingford PA homes went under contract 

1 new listing came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

38 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold October 12, 2020 To October 18, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
309 Ryanard Road	SNG	5	3.0	$376,000	10/14/20	5
2 Hickory Lane	SNG	4	2.0	$420,000	10/14/20	22
AVERAGE				$398,000		14

1 home sold with a Seller Assist

– 2 Hickory Lane – $9,500

Wallingford PA Real Estate – Wallingford, PA 19086