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

There are 35 homes listed for sale in Wallingford PA and Nether Providence Township on January 29, 2019 with an average asking price of $395,408.

More than half of Baby Boomers plan to age in place, electing to renovate in order to meet their changing needs, according to a new survey released by Chase and Pulsenomics.

The Housing Confidence Index surveyed 3,000 heads of households, 753 of which were Baby Boomers.

Among this group, 52% said they will never move from their current home, and 88% said they plan to make improvements to their home, with bathroom renovations topping the project list.

Nearly two-thirds of respondents said they think home values are rising in their area, which provides incentive for homeowners to tap their equity in order to age in place – and enhance their investment.

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Wallingford Market Snapshot – 35 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$395,408	$349,900	$97,000	$1,140,000	239

Single Home Market Snapshot – 23 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$509,887	$489,900	$175,000	$1,140,000	137

Twin Home Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$135,700	$117,450	$108,000	$199,900	143

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$245,600	$181,750	$181,750	$439,000	50

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$146,675	$152,400	$97,000	$184,900	82

*DOM = Days On Market

1 Wallingford PA home went under contract

2 new listings came onto the market

No listings expired

No listings were withdrawn from the market

21 homes are Under Contract at this time

2 Wallingford PA home sold last week

Wallingford Homes Sold January 21, 2019 To January 27, 2019

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
611 W Wiltshire Drive	3	3.0	$144,500	01/23/19	183
616 Georgetown Road	4	2.1	$334,000	01/25/19	55
AVERAGE			$239,250		119

616 Georgetown Road sold with a $8,000 Seller Assist

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 January 15, 2019 with an average asking price of $432,750.

Wages are failing to keep pace with rising home prices, according to a new study from ATTOM Data Solutions, a real estate research firm. Median home prices increased faster than weekly wages in 601 of the 755 counties – 80% of the markets that researchers analyzed in the report

A separate housing affordability index from the National Association of REALTORS® showed the national family median income increased to $76,608 in the third quarter of 2018. However, housing affordability decreased from a year ago because of higher mortgage

To purchase a single-family home at the national median price, a buyer making a 5% down payment would need an income of $64,480, while a 10% down payment would require an income of $61,086, and $54,299 would be needed for a 20% down payment.

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Wallingford Market Snapshot – 32 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$432,750	$324,500	$108,000	$1,795,000	128

Single Home Market Snapshot – 22 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$541,409	$432,000	$184,900	$1,795,000	137

Twin Home Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$153,075	$152,200	$108,000	$199,900	132

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$242,275	$181,700	$167,500	$439,000	65

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$177,400	$177,400	$169,900	$184,900	142

*DOM = Days On Market

5 Wallingford PA homes went under contract

5 new listings came onto the market

No listings expired

No listings were withdrawn from the market

24 homes are Under Contract at this time

3 Wallingford PA home sold last week

Wallingford Homes Sold January 7, 2019 To January 13, 2019

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
719 Hemlock Road	3	2.1	$375,000	01/07/19	141
446 Vernon Street	3	1.0	$212,000	01/09/19	25
800 Avondale Road #3N	1	1.0	$89,999	01/10/19	5
AVERAGE			$225,666		57

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 33 homes listed for sale in Wallingford PA and Nether Providence Township on January 8, 2019 with an average asking price of $433,803.

In 2018, the total value of the U.S. housing market increased $1.9 trillion, propelling its value to a whopping $33.3 trillion, according to new data from Zillow highlights that this 6.2% increase is up $10.9 trillion from 2012, when the housing market crashed.

And while several states have experienced significant gains since the crash, California has taken the lead. In fact, the Golden State’s housing market value has climbed $3.7 trillion since February 2012.

Furthermore, a third of the nation’s housing market value can be attributed to California, which is the only state that has experienced a gain of more than $1 trillion within the same time period, according to Zillow.

Notably, New York is also leading the housing market, as its market value sits at $3 trillion. This means its metro is the most valuable market in the country, representing 9.1% of the nation’s total value.

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Wallingford Market Snapshot – 33 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$433,803	$349,000	$124,900	$1,795,000	132

Single Home Market Snapshot – 24 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$520,058	$385,000	$184,900	$1,795,000	140

Twin Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$168,100	$179,500	$124,900	$199,900	164

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$243,750	$184,250	$157,500	$439,000	58

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$177,400	$177,400	$169,900	$184,900	135

*DOM = Days On Market

1 Wallingford PA home went under contract

4 new listings came onto the market

No listings expired

1 listing was withdrawn from the market

23 homes are Under Contract at this time

1 Wallingford PA home sold last week

Wallingford Homes Sold January 1, 2019 To January 6, 2019

ADDRESS	BED	BATH	PRICE	SETTLED	DOM*
647 Niblick Lane	3	2.1	$250,000	01/04/19	205
AVERAGE			$250,000		205

Wallingford PA Real Estate – Wallingford, PA 19086