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 October 20, 2020 with an average asking price of $485,492.

Don’t count on retirees to add to the inventory in the housing market today.

A large majority of retirees in the 20th annual Transamerica retirement survey are not planning to move into a retirement community or downsize to an apartment or condo in Florida, they said.

Ninety percent of retirees want to remain in their own homes as they age, with 69% stating that it is “very important” to them to do so. Of the respondents, three-quarters of retirees are homeowners, 22% said they rent and 2% said they reside with others, such as family or friends. The majority (73%) of retirees live in a single-family house, while 19% live in a multi-unit facility, like a condo or apartment and 4% reside in a retirement community.

More than 60% of retirees have not moved homes since retiring, but there are commonalities between those who do choose to move after retiring. Within the 38% of respondents who said they moved after retiring, 32% opted to move closer to friends and family, 29% moved to lessen their expenses, 29% downsized and an equal 22% started a new chapter in life and/or relocated to a better climate.

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Wallingford Market Snapshot – 32 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$485,492	$471,950	$104,900	$999,900	54

Single Home Market Snapshot – 21 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$621,700	$595,000	$350,000	$999,900	65

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$366,133	$399,500	$269,900	$429,000	49

Condo Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$135,375	$123,500	$109,500	$185,000	21

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,900	$289,900	$104,900	$474,900	58

Row Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,175	$130,175	$128,850	$131,500	4

*DOM = Days On Market

7 Wallingford PA homes went under contract 

1 new listing came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

38 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold October 12, 2020 To October 18, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
309 Ryanard Road	SNG	5	3.0	$376,000	10/14/20	5
2 Hickory Lane	SNG	4	2.0	$420,000	10/14/20	22
AVERAGE				$398,000		14

1 home sold with a Seller Assist

– 2 Hickory Lane – $9,500

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 37 homes listed for sale in Wallingford PA and Nether Providence Township on October 13, 2020 with an average asking price of $522,443.

It’s a great time to be a home seller, but home buyers are feeling the competition—which is only growing. Homes sold faster in September than in August, realtor.com® reports in its September Monthly Housing Trends Report. September is usually the best time of year to buy a home since more homes tend to go on the market and there is less competition. Not in 2020.

The pandemic has fueled a buying spree that has led to a very competitive fall market for home shoppers. The average buyer is paying about $20,000 more for a home and facing 25% more competition than at the start of the year, realtor.com® reports. The number of homes on the market also has plunged 39% year over year in September, which equates to 529,000 fewer home listings.

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Wallingford Market Snapshot – 37 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$522,443	$519,000	$49,900	$1,049,000	50

Single Home Market Snapshot – 26 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$656,061	$619,450	$329,000	$1,049,000	56

Townhouse Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$414,250	$414,250	$399,500	$429,000	69

Condo Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$136,100	$132,000	$109,500	$185,000	20

Twin Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$237,967	$110,000	$104,900	$499,000	51

Row Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$49,900	$49,900	$49,900	$49,900	11

*DOM = Days On Market

5 Wallingford PA homes went under contract 

6 new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

34 homes are Under Contract at this time

3 Wallingford PA homes sold last week

Wallingford Homes Sold October 5, 2020 To October 11, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
37 Green Valley Road	SNG	3	1.1	$456,000	10/07/20	0
109 Maple Road	SNG	4	3.0	$305,000	10/07/20	8
230 W Rose Valley Road	SNG	4	2.1	$525,000	10/07/20	4
AVERAGE				$428,667		4

1 home sold with a Seller Assist

– 37 Green Valley Road – $5,400

Wallingford PA Real Estate – Wallingford, PA 19086

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 October 6, 2020 with an average asking price of $494,426.

New homes are being built on smaller lots. The median lot size for single-family homes that sold in 2019 dropped to 0.188 of an acre (or 8,177 square feet) – the smallest on record, according to Census Bureau data recently analyzed by the National Association of Home Builders.

Regional differences persist. For example, the median lot size in New England is three times as large as the national median. 

Meanwhile, the Pacific region – which includes California and Washington -tends to have higher densities, and developed land is scarce. Lots in that area tend to be the smallest in the U.S., with half of the lots smaller than 0.15 acres.

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Wallingford Market Snapshot – 35 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$494,426	$450,000	$104,900	$1,049,000	49

Single Home Market Snapshot – 25 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$612,460	$565,000	$244,900	$1,049,000	54

Townhouse Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$419,000	$419,000	$409,000	$429,000	62

Condo Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$136,100	$132,000	$109,500	$185,000	19

Twin Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$158,300	$110,000	$104,900	$260,000	50

*DOM = Days On Market

6 Wallingford PA homes went under contract 

4 new listings came onto the market 

No listings were withdrawn from the market

2 listings were temporarily taken off the market

No listings expired

31 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold September 28, 2020 To October 04, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
7 Hickory Lane	SNG	5	2.1	$580,000	09/29/20	146
100 Emerald Street	SNG	3	1.1	$321,000	09/30/20	5
210 Cedar Road	SNG	3	2.0	$237,000	09/30/20	18
124 Ronaldson Street	SNG	3	1.1	$290,000	10/01/20	157
700 Avondale Road #5J	CONDO	2	2.0	$128,500	10/02/20	6
AVERAGE				$311,300		66

1 home sold with a Seller Assist

– 7 Hickory Lane – $2,000

Wallingford PA Real Estate – Wallingford, PA 19086