Wallingford Quarterly Review

Wallingford PA Real Estate – 3rd Quarter 2024 Review

October 2, 2024 by admin

A total of 46 homes sold during the 3rd quarter of 2024, up slightly from last year’s total of 45 homes. The average selling rose 11.3% compared to last year coming in at $532,066.

The 32 single family homes that sold during the quarter saw their average selling price increase by 2.3% compared to last year rising from $612,485 to $626,673. Single homes averaged 21 days on the market during the quarter.

So how do sales for the first 9 months of 2024 stack up against last year? Sales at the 3/4 mark are just slightly below last year with 5 less homes sold in the 3rd quarter – 123 homes sold in 2024 vs. 128 homes selling during the first 3 quarters of 2023. The average sales price for the first 9 of 2024 months has increased a robust 18.5% to $538,957 from $454,765.

There were 13 homes sold in July, 19 in August, and 14 in September.

The highest priced home sold in the 3rd quarter was 1208 Sycamore Lane that sold for $1,650,000.

**WALLINGFORD – 3RD QUARTER 2023 VS 3RD QUARTER 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	45	$478,063	25	102.9%	105.7%
2024	46	$532,066	16	101.4%	102.3%
	2.2%	11.3%	-36.0%	-1.5%	-3.2%

3RD QUARTER 2024 – SALES BY PRICE RANGE

PRICE RANGE	SALES
> $100,000	0
$100,000 To $200,000	1
$200,000 To $300,000	6
$300,000 To $400,000	15
$400,000 To $500,000	3
$500,000 To $600,000	3
$600,000 To $700,000	8
$700,000 To $800,000	4
$800,000 To $900,000	1
$900,000 To $1,000,000	1
> $1,000,000	3
TOTAL	45

Single Family Homes Sold – 3rd Quarter 2024 – 32 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$626,672	$612,500	$240,000	$1,650,000	21

Townhouses Sold – 3rd Quarter 2024 – 8 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$364,250	$360,000	$305,000	$535,000	3

Condos Sold – 3rd Quarter 2024 – 5 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$222,500	$210,000	$187,500	$280,000	6

Twin Homes Sold – 3rd Quarter 2024 – 1 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$395,000	$395,000	$395,000	$395,000	20

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 2nd Quarter 2024 Review

July 9, 2024 by admin

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.

**WALLINGFORD – 2ND QUARTER 2023 VS 2ND QUARTER 2024**
	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

**Single Family Homes Sold – 2nd Quarter 2024 – 35 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$734,737	$652,000	$351,001	$1,850,000	20

Condominiums – 2nd Quarter 2024 – 6
Sales
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$251,083	$218,000	$205,000	$400,000	13

**Townhouses Sold – 2nd Quarter 2024 – 7 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$370,339	$385,375	$130,000	$585,000	4

**Twin Homes Sold – 2nd Quarter 2024 – 3 Sales**
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

Wallingford PA Real Estate – 1st Quarter 2024

April 4, 2024 by admin

The 1st quarter of 2024 in Wallingford PA saw a total of 26 homes sold, a decrease of 7 homes over last year. Limited inventory this year and stiff buyer competition led to the average sales price increasing 11.3% to $431,116 from last year where it stood at $387,268. To illustrate the extent of how much the market has constricted in 2022 there were 51 homes sold during the first 3 months of the year and during the pandemic year of 2020 there were 54 sales.

A total of $11,313,022 of real estate changed hands during the quarter.

The core category of single family homes recorded 14 sales, down from 18 last year, with an average selling price of $547,921 compared to last year’s average selling price of $495,028 . That $52,893 increase represents a 10.7% increase.

Days On Market averaged 30, decreasing 9 days from last year when it stood at 39.

January recorded 7 sales, February had 12 sales, and 7 homes were sold in March.

The highest priced home sold in the quarter was 701 Hemlock Road which sold in March for $800,000.

**WALLINGFORD – 1ST QUARTER 2023 VS 1ST QUARTER 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	33	$387,268	39	98.2%	98.7%
2024	26	$431,116	30	98.4%	100.6%
	-21.2%	11.3%	-23.1%	0.2%	1.9%

1ST QUARTER 2024 – SALES BY PRICE RANGE

PRICE RANGE	SALES	% Of SALES
$100,000 To $200,000	1	3.8%
$200,000 To $300,000	5	19.2%
$300,000 To $400,000	8	30.8%
$400,000 To $500,000	2	7.7%
$500,000 To $600,000	4	15.4%
$600,000 To $700,000	4	15.4%
$700,000 To $800,000	1	3.8%
$800,000 To $900,000	1	3.8%
TOTAL	26

**Single Family Homes Sold – 1st Quarter 2024 – 14 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$547,921	$545,000	$350,000	$800,000	28

**Townhouses Sold – 1st Quarter 2024 – 8 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$311,450	$295,500	$215,000	$535,000	33

**Condominiums Sold – 1st Quarter 2024 – 2 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$224,000	$224,000	$168,000	$280,000	5

**Twin Homes Sold – 1st Quarter 2024 – 2 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$352,500	$352,500	$315,000	$3490,000	59

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 4th Quarter 2023 Review

January 9, 2024 by admin

A total of 38 homes sold during the 4th quarter of 2023 in Wallingford PA which fell short of last year’s tally by 7 homes. The average selling price saw an increase of 11.1% to $474,510 when compared to last year’s 4th quarter average.

There were 22 Single family homes sales during the quarter vs 24 last year. The average selling price for singles rose 21.0% to $569,863.

There were 9 sales in October, 16 in November, and 13 in December.

100 Sycamore Lane garnered the top selling price for the quarter at $1,300,000.

**WALLINGFORD – 4TH QUARTER 2022 VS 4TH QUARTER 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	45	$387,779	20	98.3%	99.8%
2023	38	$474,510	22	100.6%	102.1%
	-16.0%	11.1%	10.0%	2.3%	2.3%

4TH QUARTER 2023 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	1
$200,000 To $300,000	4
$300,000 To $400,000	10
$400,000 To $500,000	10
$500,000 To $600,000	6
$600,000 To $700,000	2
$700,000 To $800,000	2
$800,000 To $900,000	1
> $1,000,000	2
TOTAL	38

**Single Family Homes Sold – 4th Quarter 2023 – 22 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$569,863	$494,500	$320,000	$1,300,000	26

**Condominiums Sold – 4th Quarter 2023 – 2 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$210,500	$210,500	$210,000	$211,000	4

**Twin Homes Sold – 4th Quarter 2023 – 6 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$361,817	$370,450	$265,,000	$420,000	29

**Townhouses Sold – 4th Quarter 2023 – 8 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$362,812	$357,500	$180,000	$585,000	9

2023 YEAR END SUMMARY

The year 2023 concluded with 166 closed transactions – 55 fewer homes than last year. The average selling price for Wallingford homes in 2023 increased 7.8% to $459,285 over last year’s $425,979.

There were 102 single family home sales in 2022 with an average sales price of $573,599 a 7.0% increase over the average selling price recorded in 2022 when there were 123 singles were sold.

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 3rd Quarter 2023 Review

October 16, 2023 by admin

A total of 45 homes sold during the 3rd quarter of 2023, down substantially from last year’s total of 69 homes. The average selling rose 17.0% compared to last year coming in at $478,063.

The 29 single family homes that sold during the quarter saw their average selling price increase by 12.1% compared to last year rising from $546,211 to $612,485. Single homes averaged 30 days on the market during the quarter.

Sales for the year are behind last year by 48 homes with 128 Wallingford homes selling during the first 3 quarters of 2023. The average sales price for the first 9 months has increased 4.4% to $454,765.

There were 13 homes sold in July, 21 in August, and 11 in September.

The highest priced home sold in the 3rd quarter was 101 E Brookhaven Road that sold for $1,825,000.

**WALLINGFORD – 3RD QUARTER 2022 VS 3RD QUARTER 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	69	$408,560	11	103.2%	103.2%
2023	45	$478,063	25	102.9%	105.7%
	-34.7%	17.0%	127.2%	-0.3%	2.5%

3RD QUARTER 2023 – SALES BY PRICE RANGE

PRICE RANGE	SALES
> $100,000	1
$100,000 To $200,000	5
$200,000 To $300,000	10
$300,000 To $400,000	4
$400,000 To $500,000	6
$500,000 To $600,000	6
$600,000 To $700,000	5
$700,000 To $800,000	5
$800,000 To $900,000	1
$900,000 To $1,000,000	1
> $1,000,000	1
TOTAL	45

Single Family Homes Sold – 3rd Quarter 2023 – 29 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$612,485	$575,000	$190,000	$1,825,000	30

Townhouses Sold – 3rd Quarter 2023 – 3 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$260,000	$270,000	$210,000	$300,000	3

Condos Sold – 3rd Quarter 2023 – 6 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$192,542	$201,250	$165,000	$212,750	16

Twin Homes Sold – 3rd Quarter 2023 – 7 Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$259,357	$265,000	$75,000	$421,000	23

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

2023 YEAR END SUMMARY

S. Clark Kendus