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

There are 62 homes listed for sale in Wallingford PA and Nether Providence Township on July 2, 2019 with an average asking price of $459,565.

For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following national averages with mortgage rates for the week ending June 27:

• 30-year fixed-rate mortgages: averaged 3.73%, with an average 0.5 point, falling from last week’s 3.84% average. Last year at this time, 30-year rates averaged 4.55%
• 15-year fixed-rate mortgages: averaged 3.16%, with an average 0.5 point, falling from last week’s 3.25% average. A year ago, 15-year rates averaged 4.04%.
• 5-year hybrid adjustable-rate mortgages: averaged 3.39%, with an average 0.4 point, falling from last week’s 3.48% average. A year ago, 5-year ARMs averaged 3.87%.

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Wallingford Market Snapshot – 62 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$459,565	$419,950	$104,000	$999,000	74

Single Home Market Snapshot – 50 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$522,489	$480,000	$129,900	$999,000	74

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,475	$314,450	$275,000	$350,000	152

Condo Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$125,713	$129,950	$104,000	$145,900	55

Twin Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$240,000	$240,000	$240,000	$240,000	13

Row Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$148,000	$148,000	$148,000	$148,900	12

*DOM = Days On Market

5 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

2 listing were withdrawn from the market

31 homes are Under Contract at this time

11 Wallingford PA homes sold last week

Wallingford Homes Sold June 24, 2019 To June 30 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
6 Gearys Lane	SNG	4	4.0	$485,000	06/24/19	16
36 Brookside Road	SNG	5	5.1	$825,000	06/25/19	3
107 Blakeley Road	TWIN	3	2.0	$208,900	06/25/19	33
412 Hawthorne Road	SNG	3	2.0	$425,000	06/26/19	32
405 Blakeley Road	SNG	3	2.0	$231,000	06/26/19	7
309 Scott Lane	SNG	4	1.1	$260,000	06/27/19	3
700 Avondale Road PH5	CONDO	1	1.0	$112,500	06/27/19	75
803 Springhaven Drive	SNG	4	3.1	$660,000	06/27/19	6
5 Green Valley Road	SNG	3	2.0	$415,000	06/27/19	21
26 Furness Lane	SNG	4	3.0	$600,000	06/28/19	51
205 Walnut Road	SNG	3	2.1	$288,000	06/28/19	77
AVERAGE				$410,036		29

3 homes sold with a  Seller Assist

– 6 Gearys Lane – $4,000

– 36 Brookside Road – $745

– 5 Green Valley Road – $6,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 69 homes listed for sale in Wallingford PA and Nether Providence Township on June 25, 2019 with an average asking price of $456,420.

The number of people forming households is back from post-recession lows, but economists are alarmed because housing production is failing to keep up. That shortfall is putting pressure on home prices and rents, which is jeopardizing affordability for modest-income households in markets across the country, according to The State of the Nation’s Housing 2019 report, released on Tuesday from the Harvard Joint Center for Housing Studies.

The number of homeowners has risen significantly over the past few years, buoyed mostly by a growth in baby boomer and millennial households, the report notes. On the other hand, the number of renter households has fallen for the second consecutive year. The renter household is continuing to drop, following 12 preceding years of growth.

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Wallingford Market Snapshot – 69 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$456,420	$445,500	$104,000	$999,000	74

Single Home Market Snapshot – 55 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$524,225	$494,900	$129,900	$999,000	75

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,475	$314,450	$275,000	$350,000	145

Condo Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$125,713	$129,950	$104,000	$145,900	55

Twin Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$240,000	$240,000	$240,000	$240,000	6

Row Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$148,900	$148,900	$148,900	$148,900	5

*DOM = Days On Market

5 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

34 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold June 17, 2019 To June 23, 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
203 Elm Road	SNG	3	1.0	$165,000	06/19/19	236
25 Willow Road	SNG	3	2.1	$273,000	06/20/19	64
7 Chestnut Parkway	SNG	3	1.0	$222,500	06/20/19	30
709 Kincaid Mills Lane	TOWN	4	3.1	$440,000	06/20/19	16
6 Sharpless Lane	SNG	4	2.1	$365,000	06/21/19	13
AVERAGE				$293,100		72

2 homes sold with a  Seller Assist

– 7 Chestnut Parkway – $2,250

– 709 Kincaid Mills Lane – $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 64 homes listed for sale in Wallingford PA and Nether Providence Township on June 11, 2019 with an average asking price of $474,908.

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Wallingford Market Snapshot – 64 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$474,908	$467,450	$104,000	$1,095,000	76

Single Home Market Snapshot – 53 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$533,083	$515,000	$185,000	$1,095,000	77

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$315,975	$319,450	$275,000	$350,000	124

Condo Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$125,257	$128,000	$104,000	$145,900	40

*DOM = Days On Market

2 Wallingford PA homes went under contract

4 new listings came onto the market

1 listing expired

No listings were withdrawn from the market

43 homes are Under Contract at this time

8 Wallingford PA homes sold last week

Wallingford Homes Sold June 3, 2019 To June 9, 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
201 Governors Drive	SNG	3	1.1	$322,000	06/03/19	41
207 Cedar Road	SNG	3	2.0	$240,000	06/03/19	77
202 Cooper Drive	SNG	5	2.1	$450,000	06/03/19	142
302 Scott Lane	SNG	3	1.1	$324,000	06/03/19	263
1000 Putnam Blvd #204	CONDO	2	2.0	$184,900	06/04/19	173
401 Woodward Road	SNG	4	3.1	$500,000	06/04/19	242
808 Washington Avenue	TWIN	2	1.0	$261,000	06/07/19	11
513 Vernon Street	TWIN	3	1.0	$99,000	06/07/19	40
AVERAGE				$285,250		124

4 homes sold with a  Seller Assist

– 202 Cooper Drive – $6,000

– 302 Scott Lane – $19,000

– 1000 Putnam Blvd #204 -$365

– 401 Woodward Road – $2,500

– 513 Vernon Street – $7,830

Wallingford PA Real Estate – Wallingford, PA 19086