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

There are 66 homes listed for sale in Wallingford PA and Nether Providence Township on September 18, 2018 with an average asking price of $420,470.

A strong job market and consumer credit are driving up mortgage rates for the third consecutive week and now to their highest level in six weeks. Mortgage rates are 0.82% higher than a year ago—the largest year-over-year increase since May 2014, Freddie Mac reports.

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Wallingford Market Snapshot – 66 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$420,470	$357,500	$77,000	$1,875,000	86

Single Home Market Snapshot – 47 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$514,932	$399,900	$185,000	$1,875,000	86

Twin Home Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$210,617	$194,950	$124,900	$299,900	76

Townhouse Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$251,360	$264,000	$189,000	$339,800	103

Condo Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$141,340	$154,900	$77,000	$209,900	59

Row Home Market Snapshot -3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$107,333	$105,000	$85,000	$132,000	111

*DOM = Days On Market

5 Wallingford PA home went under contract

10 new listings came onto the market

1 listing expired

2 listings were withdrawn from the market

19 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold September 10, 2018 To September 16, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
606 Scott Lane	4	2.0	$364,000	09/12/18	78
1088 Putnam Blvd	3	2.1	$220,000	09/13/18	3
503 S Providence Road	3	2.0	$217,000	09/14/18	8
422 Palmers Lane	3	1.1	$342,500	09/14/18	38
506 Harvey Road	4	2.0	$234,000	09/14/18	322
AVERAGE			$275,500		90

1 home sold with a Seller Assist

– 422 Palmers 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 66 homes listed for sale in Wallingford PA and Nether Providence Township on September 11, 2018 with an average asking price of $407,494.

The rate of home flipping in the U.S. plunged almost to a four-year low in the second quarter as the number of distressed or low-priced homes dropped, according to a new report by real estate data firm ATTOM Data Solutions. A flip is defined as a home that has been sold more than once in a 12-month period.

A total of 48,768 single-family homes and condos were flipped in the second quarter, comprising about 5.2% of all sales. That is down from 5.4% a year ago.

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Wallingford Market Snapshot – 66 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$407,494	$352,450	$85,000	$1,875,000	97

Single Home Market Snapshot – 43 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$517,900	$400,000	$185,000	$1,875,000	95

Twin Home Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$209,100	$199,900	$124,900	$299,900	72

Townhouse Market Snapshot – 9 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$246,689	$199,900	$179,900	$395,000	133

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$157,425	$164,950	$89,900	$209,900	59

Row Home Market Snapshot -3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$104,967	$105,000	$85,000	$124,900	66

*DOM = Days On Market

1 Wallingford PA home went under contract

7 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

20 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold September 2, 2018 To September 9, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
320 Green Valley Road	3	1.1	$430,000	09/05/18	14
328B Saybrook Lane	2	1.0	$125,000	09/06/18	6
211 Cooper Drive	4	2.1	$494,000	09/06/18	7
AVERAGE			$349,667		9

All 3 homes sold with a Seller Assist

– 320 Green Valley Road – $1,400

– 328B Saybrook Lane – $500

– 211 Cooper Drive – $6,500

Wallingford PA Real Estate – Wallingford, PA 19086

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 September 4, 2018 with an average asking price of $404,852.

The jump in home prices has prompted the cost of home ownership to outpace that of renting in more places across the country. The monthly costs of owning a home has increased by 14% over the past year – more than three times the 4% increase in monthly rental costs, according to a new analysis by realtor.com®.

Only 41% of the U.S. population now lives in a county where a median-income household can afford to buy a home at the median list price, according to the analysis.

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Wallingford Market Snapshot – 62 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$404,852	$362,450	$89,900	$1,875,000	99

Single Home Market Snapshot – 41 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$504,449	$400,000	$185,000	$1,875,000	100

Twin Home Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$179,471	$190,000	$92,500	$259,000	72

Townhouse Market Snapshot – 9 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$269,711	$264,000	$179,900	$399,800	130

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$157,425	$164,950	$89,900	$209,900	59

Row Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$105,000	$105,000	$105,000	$105,000	119

*DOM = Days On Market

1 Wallingford PA home went under contract

4 new listings came onto the market

2 listings expired

No listings were withdrawn from the market

20 homes are Under Contract at this time

4 Wallingford PA homes sold last week

Wallingford Homes Sold August 27, 2018 To September 2, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
620 Georgetown Road	4	2.1	$305,000	08/28/18	88
409 Saybrook Lane	3	2.1	$175,000	08/30/18	36
300 Woodward Rd	5	2.1	$525,000	08/31/18	28
308 W Rose Valley Road	3	2.2	$420,000	08/31/18	5
AVERAGE			$356,250		39

2 homes sold with a Seller Assist

– 620 Georgetown Road – $18,300

– 300 Woodward Road – $20,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 60 homes listed for sale in Wallingford PA and Nether Providence Township on August 28, 2018 with an average asking price of $400,638.

More than half of millennials report they cannot afford a down payment, and that is what is delaying their path to homeownership.

According to a recent report from the the Urban Institute, 53% of millennials cannot afford a down payment, while one-third of millennials cannot qualify to get a mortgage. Only 37% of millennials became homeowners between the ages of 25-34, compared to 45.4% of Generation Xers and 45%t of baby boomers, who became homeowners at that age.

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Wallingford Market Snapshot – 60 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$400,638	$365,000	$85,000	$1,875,000	97

Single Home Market Snapshot – 39 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$513,136	$409,900	$185,000	$1,875,000	99

Twin Home Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$180,114	$190,000	$97,000	$259,000	65

Townhouse Market Snapshot – 11 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$286,127	$275,000	$179,900	$399,800	120

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$157,425	$164,950	$89,900	$209,900	52

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$95,000	$95,000	$85,000	$105,000	142

*DOM = Days On Market

3 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

22 homes are Under Contract at this time

8 Wallingford PA homes sold last week

Wallingford Homes Sold August 20, 2018 To August 26, 2018

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
318 Cedar Lane	4	4.0	$505,000	08/21/18	97
614 W Wiltshire Drive	3	2.1	$216,500	08/21/18	16
7 Leslie Lane	3	2.0	$350,000	08/22/18	12
305 Media Parkway	3	2.0	$249,900	08/22/18	5
16 Chestnut Parkway	3	1.0	$119,000	08/22/18	29
5 E Rose Valley Road	4	2.1	$330,000	08/24/18	76
306 Colonial Drive	5	3.1	$545,000	08/24/18	114
340B Saybrook Lane	2	1.0	$130,000	08/24/18	49
AVERAGE			$305,675		44

3 homes sold with a Seller Assist

– 318 Cedar Lane – $17,650

– 614 W Wiltshire Drive – $3,500

– 306 Colonial Drive – $17,500

Wallingford PA Real Estate – Wallingford, PA 19086