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Wallingford PA Real Estate – June 3, 2024 To June 9, 2024

June 11, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 10 homes listed for sale – 8 Active listings and 2 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 11, 2024 with an average asking price of $384,530.

A majority of homebuyers aren’t shopping around for a mortgage, according to new data from LendingTree. Specifically, 54% of buyers who took out a mortgage for their most recent home purchase received just one offer from one lender, 22% got two offers and 17% got three.

Diving deeper into the data, women are 62% more likely than men (46%) to accept their first mortgage offer without searching elsewhere. Older generations are also more likely to follow suit. Almost three-quarters (72%) of baby boomers report that they don’t shop around for mortgages compared to 59% of Gen Xers and 38% of millennials. In other words, baby boomers are the generation least likely to shop at 28%, and millennials are the most likely at 62%.

Buyers who sought just one mortgage offer claimed their main reason for doing so was their belief that they got the best rate (28%).

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 10 Listings
*8 – Active 2- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$384,530	$362,500	$179,900	$599,000	52

Single Home Market Snapshot – 7 Listings
*5 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$416,629	$375,000	$250,000	$599,000	58

Condo Market Snapshot -1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$350,000	$350,000	$350,000	$350,000	85

Twin Market Snapshot -2 Listings
*2 Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,450	$289,450	$179,900	$399,900	11

2 Wallingford PA homes went under contract

2 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

20 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold June 3, 2024 To June 9, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #6G	CONDO	2	2.0	$260,000	06/03/24	57
105 Stratford Lane	SNG	4	2.3	$1,100,000	06/04/24	5
224 Canterbury Drive	SNG	3	1.1	$550,000	06/06/24	3
220 Canterbury Drive	SNG	3	2.0	$665,000	06/07/24	6
AVERAGE				$643,750		18

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 2024

June 4, 2024 by admin

Spring Visitor

The average sales price in May 2024 was $675,942 which represents a 22.7% increase compared to last year. May’s 16 sales consisted of 12 single family homes, 2 townhomes, 1 condo, and 1 twin.

There were 12 single family homes sold in May with an average price of $570,045, a price that is over $241K higher than last year’s average. Singles averaged 23 days on the market.

The highest selling price for the month was $1,850,000 for 401-403 Rogers Lane.

A total of 17 homes went under contract during May with an average asking price of $590,418 – 13 single family homes, 2 condos, 1 twin, and 1 townhome.

There are 17 settlements scheduled in June, 2 in July, and 1 in August.

For the first 5 months of the year sales slightly behind last year’s pace with compared to 2023’s first 5 months with 59 closed transactions versus 57 during the first 5 months of last year. The average sales price has increased 21.1% compared to last year with an average sales price of $526,703. Average days on market came in at 21

**Wallingford Homes Sold May 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
820 Parkridge Drive	SNG	3	2.1	$540,000	05/03/24	14
401-403 Rogers Lane	SNG	7	6.1	$1,850,000	05/03/24	4
207 Cooper Drive	SNG	5	3.0	$700,000	05/07/24	4
15 Brookside Road	SNG	4	4.1	$990,000	05/08/24	6
202 Winterloch Way	SNG	4	2.1	$585,000	05/10/24	5
852B Putnam Blvd	CONDO	2	2.0	$226,000	05/10/24	3
1115 Putnam Blvd	TOWN	3	2.2	$385,375	05/10/24	5
722 Beechwood Road	SNG	3	2.0	$657,000	05/10/24	8
7 Sharpless Lane	SNG	4	2.1	$601,000	05/15/24	5
700 Dover Court	TWIN	2	1.0	$213,700	05/16/24	6
415 Albany Court	SNG	4	2.1	$605,000	05/16/24	172
449 Saybrook Lane	TOWN	2	2.1	$257,000	05/17/24	3
204 Hempstead Lane	SNG	5	4.1	$1,200,000	05/20/24	35
601 Bickmore Drive	SNG	3	1.1	$380,000	05/21/24	1
300 Beech Road	SNG	4	2.1	$650,000	05/21/24	3
412 Hidden Valley Road	SNG	4	3.2	$975,000	05/31/24	13
AVERAGE				$675,942		18

* DOM = Days On Market

2 of 16 homes sold with a Seller Assist:

– 15 Brookside Road – $3,000

– 415 Albany Court – $6,560

Financing Methods

– Conventional Mortgage – 13 transactions

– Cash – 3 transactions

**WALLINGFORD SINGLE HOMES SOLD – MAY 2024 – 12 SALES**
Avg Price	Median Price	Low	High	DOM*
$811,083	$653,500	$380,000	$1,850,000	23

**WALLINGFORD CONDOS SOLD – MAY 2024 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$226,000	$226,000	$226,000	$226,000	3

**WALLINGFORD TWINS SOLD – MAY 2024 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$213,700	$213,700	$213,700	$213,700	6

**WALLINGFORD TOWNHOUSES SOLD – MAY 2024 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$321,188	$321,188	$257,000	$385,375	4

**WALLINGFORD – MAY 2023 VS MAY 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	21	$551,027	28	105.5%	104.9%
2024	16	$675,942	18	101.3%	102.9%
	-23.8%	22.7%	-35.7%	-4.2%	-2.0%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 27, 2024 To June 2, 2024

June 4, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 13 homes listed for sale – 9 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 4, 2024 with an average asking price of $424,554.

It’s no question that affordability is stratified, and as such, housing markets tend to differentiate from state to state. According to a recent analysis by Clever Real Estate, the median household can only afford the typical home in four states: West Virginia, Ohio, Iowa and Indiana.

The latest homeowner affordability data is based on the latest interest rates (7.22%) and a 20% down payment – excluding Alaska and Vermont.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 13 Listings
*9 – Active 4- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$424,554	$375,000	$195,000	$849,000	41

Single Home Market Snapshot – 9 Listings
*7 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$477,256	$510,000	$250,000	$849,900	49

Condo Market Snapshot -1 Listings
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$350,000	$350,000	$350,000	$350,000	78

Twin Market Snapshot -2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$297,000	$297,000	$195,000	$399,000	8

Towbhouse Market Snapshot -1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$279,900	$279,900	$279,900	$279,900	2

3 Wallingford PA homes went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

23 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold May 27, 2024 To June 2, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
412 Hidden Valley Road	SNG	4	3.2	$975,000	05/31/24	13
AVERAGE				$975,000		13

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 20, 2024 To May 26, 2024

May 28, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 14 homes listed for sale – 7 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 28, 2024 with an average asking price of $510,029.

Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home prices elevated. That’s why U.S. homeowners now have a record $11 trillion in tappable equity as of March, according to the May ICE Mortgage Monitor Report.

Based on the company’s mortgage, real estate and public records data sets, the ICE report also found that homeowners have a record $16.9 trillion in equity, with $11 trillion of that considered “tappable.” That translates to an average of $206,000 per borrower with tappable equity, up significantly from $185,000 a year ago.

“Tappable” equity refers to the portion of a borrower’s home value they can access in cash while still maintaining a 20% equity share in their property.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 14 Listings
*7 – Active 7 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$510,029	$405,000	$195,000	$1,225,000	37

Single Home Market Snapshot – 10 Listings
*5 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$591,040	$520,750	$319,900	$1,225,000	38

Condo Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$305,000	$305,000	$260,000	$350,000	64

Twin Market Snapshot -2 Listings
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$310,000	$310,000	$195,000	$425,000	5

3 Wallingford PA home went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

21 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold May 20, 2024 To May 26, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
204 Hempstead Lane	SNG	5	4.1	$1,200,000	05/20/24	35
601 Bickmore Drive	SNG	3	1.1	$380,000	05/21/24	1
300 Beech Road	SNG	4	2.1	$650,000	05/21/24	3
AVERAGE				$743,333		13

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 13, 2024 To May 19, 2024

May 21, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 15 homes listed for sale – 8 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 21, 2024 with an average asking price of $605,027.

The latest homebuilder confidence data from the National Association of Home Builders (NAHB) this week shows homebuilders are pulling back their hopes for the housing construction market, as mortgage rates rose back above 7% in April, and remain high despite a recent decrease.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 15 Listings
*8 – Active 7 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$605,207	$585,000	$195,000	$1,225,000	34

Single Home Market Snapshot – 12 Listings
*7 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$689,200	$599,500	$405,000	$1,225,000	32

Condo Market Snapshot – 2 Listings
*1 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$305,000	$305,000	$260,000	$350,000	61

Twin Market Snapshot -1 Listings
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$195,000	$195,000	$195,000	$195,000	5

8 Wallingford PA home went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

20 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold May 13, 2024 To May 19, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
7 Sharpless Lane	SNG	4	2.1	$601,000	05/15/24	5
700 Dover Court	TWIN	2	1.0	$213,700	05/16/24	6
415 Albany Court	SNG	4	2.1	$605,000	05/16/24	172
449 Saybrook Lane	TOWN	2	2.1	$257,000	05/17/24	3
AVERAGE				$419,175		47

415 Albany Court sold with a $6,560 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus