March 2023 saw quite a rollback in activity compared to last year. Fifteen homes sold in Wallingford PA during March 2023, compared to 24 closed transactions last March. The average selling price tumbled 32.3% compared to last year falling to $337,457. A much smaller number of single homes sold during the month 6 this year vs 15 last year which is the major factor in the decrease of the average selling price. 

A total of $5,061,857 in real estate transferred during the month compared to $11,954,874 last year.

Six single family homes sold for an average price of $425,000 during the month and averaged 59 Days On the Market. Last March 15 single family homes sold for an average price of $588,542 and spent an average of 42 Days On the Market.

306 Colonial Drive had the highest selling price for the month at $831,000.

Buyers signed contracts for 9 homes during March, all single family homes, with an average asking price of $605,967 and an average of 20 Days On the Market.

Future settlements – 12 in April, 5 in May, and 2 in June.

At close of the 1st quarter of 2023 a total of 33 homes have sold falling short of last year’s 1st quarter by 18 homes. The average sales price decreased to $387,268 from last year when it stood at $454,415, representing a 14.8% decrease.

Wallingford PA Closed Transactions March 2023

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
506 Maple Road	SNG	2	1.1	$288,000	03/01/23	11
1000 Putnam Blvd #205	CONDO	2	2.0	$185,000	03/09/23	9
7 Sharpless Lane	SNG	4	2.1	$535,000	03/09/23	4
117 Waterville Road	SNG	4	2.1	$250,000	03/10/23	230
704 Concord Court	ROW	3	1.0	$145,000	03/14/23	6
432 Leiper Street	TWIN	2	1.0	$250,000	03/14/23	250
516 South Media Way	TOWN	3	3.0	$629,785	03/14/23	1
215 Moore Road	SNG	3	1.1	$290,000	03/15/23	89
21 Walnut Road	SNG	3	2.0	$356,000	03/17/23	10
750A Putnam Blvd	CONDO	2	1.0	$200,000	03/23/23	3
1000 Putnam Blvd #202	CONDO	3	2.0	$235,000	03/28/23	3
306 Colonial Drive	SNG	6	3.1	$831,000	03/29/23	10
800 Avondale Road #5J	CONDO	3	2.0	$235,000	03/31/23	9
727 Pennsylvania Avenue	TWIN	1	1.0	$128,302	03/31/23	6
518 South Media Way	CONDO	3	2.0	$447,770	03/31/23	1
AVERAGE				$337,457		43

* DOM = Days On Market

2 of 15 transactions sold with a Seller Assist:

– 1000 Putnam Blvd #202 – $1,000

– 750A Putnam Blvd – $5,000

Financing Methods

– Conventional Mortgage – 9 transactions

– Cash – 5 transactions

– FHA Mortgage – 1 transaction

 

WALLINGFORD SINGLE HOMES – MARCH 2023 – 6 SALES

Avg Price	Median Price	Low	High	DOM*
$425,000	$323,000	$250,000	$831,000	59

WALLINGFORD TOWNHOMES  – MARCH 2023 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$390,393	$390,393	$151,000	$629,785	4

WALLINGFORD CONDOS- MARCH 2023 – 5 SALES

Avg Price	Median Price	Low	High	DOM*
$270,540	$210,000	$185,000	$447,700	5

WALLINGFORD TWIN HOMES – MARCH 2023 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$189,151	$189,151	$128,302	$250,000	128

WALLINGFORD – MARCH 2022 VS MARCH 2023

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	24	$498,120	30	104.7%	102.6%
2023	15	$337,457	43	100.1%	98.6%
	-38.0%	-32.3%	43.3%	-4.6%	-4.0%

Wallingford PA Real Estate – Wallingford, PA 19086

There was a drastic decease in the number of closed transaction in February compared to last year. A total of 8 homes sold during the month vs 17 closed transactions last year. The average selling price rose 5.1% to $385,194.

Five single family homes sold for an average price of $482,800 during the month and averaged 41 Days On the Market. Last February recorded 9 single home sales selling for an average price of $501,222 and spent an average of 22 Days On the Market.

403 Crumwald Lane had the highest selling price of the month at $780,000.

Fourteen listings went under contract during the month – 7 single family homes, 2  townhouses, and 2 twins, and 3 condos – with an average asking price of $359,939 and an average of 45 Days On the Market.

Upcoming settlements – 11 in March, 4 in April, and 1 in May.

Sales year to date well behind the pace of last year by 10 homes, with 17 closed transactions for the first 2 months of 2023 compared to 27 last year. The average selling price of $415,566 is a 7.7% decrease compared to last year.

Wallingford PA Closed Transactions February 2023

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
403 Crumwald Lane	SNG	4	3.1	$780,000	02/01/23	4
709 Washington Avenue	SNG	3	1.1	$230,000	02/13/23	9
805 S Providence Road	SNG	3	2.0	$339,000	02/15/23	125
700 Avondale Road PH#2	CONDO	3	2.0	$200,000	02/22/23	5
216 Emerald Lane	TWIN	3	1.1	$345,000	02/23/23	3
1000 Putnam Blvd #506	CONDO	1	1.0	$165,000	02/23/23	71
110 Cedar Road	SNG	4	2.1	$415,000	02/24/23	59
113 Brent Drive	SNG	4	2.1	$650,000	02/28/23	7
AVERAGE				$390,500		35

* DOM = Days On Market

1 of 8 transactions had a Seller Assist:

– 110 Cedar Road – $9,432

Financing Methods

– Conventional Mortgage – 7 transactions

– Cash – 1 transaction

 

WALLINGFORD SINGLE HOMES – FEBRUARY 2023 – 5 SALES

Avg Price	Median Price	Low	High	DOM*
$482,800	$415,000	$230,000	$780,000	41

WALLINGFORD TWINS – FEBRUARY 2023 – 1 SALE

Avg Price	Median Price	Low	High	DOM*
$345,000	$345,0000	$345,000	$345,000	3

WALLINGFORD TOWNHOUSES – FEBRUARY 2022 – 3 SALES

Avg Price	Median Price	Low	High	DOM*
$391,132	$315,000	$285,000	$573,395	22

WALLINGFORD CONDOS – FEBRUARY 2023 – 2 SALES

Avg Price	Median Price	Low	High	DOM*
$182,500	$182,500	$165,000	$200,000	38

 

WALLINGFORD – FEBRUARY 2022 VS FEBRUARY 2023

	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	17	$385,194	24	100.1%	99.4%
2023	8	$390,500	35	97.3%	100.00%
	-53.0%	1.4%	45.8%	-2.71%	0.6%

Wallingford PA Real Estate – Wallingford, PA 19086