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Wallingford PA Real Estate – March 2024

April 1, 2024 by admin

Spring In Bloom At The Taylor Arboretum

March 2024 saw quite another decrease in activity compared to last year. Six homes sold in Wallingford PA during March 2024, compared to 15 closed transactions last March. However the average selling price climbed 38.3% compared to last year rising to $466,833.

Three single family homes sold for an average price of $693,333 during the month and averaged 40 Days On the Market. Last March 6 single family homes sold for an average price of $425,000 and spent an average of 59 Days On the Market.

701 Hemlock Road had the highest selling price for the month at $800,000.

Buyers signed contracts for 9 single family homes, 2 townhomes, 1 twin, and 1 condo with an average asking price of $521,869 and an average of 10 Days On the Market.

Future settlements – 13 in April, 2 in May, and 1 in November.

At close of the 1st quarter of 2024 a total of 25 homes have sold falling short of last year’s 1st quarter by 8 homes. The average sales price has increased to $437,521 from last year when it stood at $387,268, representing a 13.0% increase.

**Wallingford PA Closed Transactions March 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
303 Rose Valley Road	SNG	4	2.1	$675,000	03/01/24	57
1004 Putnam Blvd	TOWN	2	2.1	$301,000	03/06/24	5
430 Vernon Street	TOWN	3	1.0	$252,000	03/11/24	47
800 Avondale Road #2N	CONDO	1	1.0	$168,000	03/13/24	5
303 Highland Avenue	SNG	3	2.0	$605,000	03/15/24	5
701 Hemlock Road	SNG	4	3.0	$800,000	03/15/24	59
AVERAGE				$466,833		30

* DOM = Days On Market

430 Vernon Street sold with a $6,300 Seller Assist:

Financing Methods

– Cash – 3 transactions

– Conventional Mortgage – 2 transactions

– FHA Mortgage – 1 transaction

**WALLINGFORD SINGLE HOMES – MARCH 2024 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$693,333	$675,000	$605,000	$800,000	40

**WALLINGFORD TOWNHOMES – MARCH 2024 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$276,500	$276,500	$252,000	$301,000	26

**WALLINGFORD CONDOS- MARCH 2024 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$168,000	$168,000	$168,000	$168,000	5

**WALLINGFORD – MARCH 2023 VS MARCH 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	15	$337,457	43	100.1%	98.6%
2024	6	$466,833	30	100.8%	103.0%
	-60.0%	38.3%	-16.3%	0.7%	4.4%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – March 18, 2024 To March 24, 2024

March 26, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 9 homes listed for sale – 8 Active listings and 1 Active Under Contract listing – in Wallingford PA and Nether Providence Township on March 26, 2024 with an average asking price of $561,255.

Inflation and home prices: two large barriers for Americans in living their dream lives. While they both are very present issues, one has had a much stronger impact due to its drastic growth rate. Home prices have risen 2.4x faster than inflation since the 1960s, according to a new analysis from Clever Real Estate.

The report found that if home prices had matched pace with inflation, the median home would cost only $177,500 today – compared to the $431,000 it actually costs.

Key highlights from the study:

The median home price increased 63% from 2013 to 2023, while overall inflation rose 31%.
Home prices today are 24x higher than they were in 1963, while inflation is only 10x higher.
Despite home prices having historically risen faster than inflation, inflation actually outpaced home prices in 2023.
Millennials pay nearly twice as much as baby boomers did for homes in 1985. Today, the typical home cost is equivalent to about 6.3 years’ worth of median household income, compared to 3.5 years in the mid-1980s.

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Wallingford Market Snapshot – 9 Listings
*8 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$561,255	$649,000	$278,500	$795,000	70

Single Home Market Snapshot – 7 Listings
*6 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$631,828	$649,900	$299,999	$795,000	86

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$314,250	$314,250	$278,500	$350,000	14

3 Wallingford PA homes went under contract

2 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

17 homes are Under Contract at this time

No Wallingford PA homes sold last week

**Wallingford Homes Sold March 18, 2024 To March 24, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
– No Homes Sold –
AVERAGE

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – March 11, 2024 To March 17, 2024

March 19, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 9 homes listed for sale – 8 Active listings and 1 Active Under Contract listing – in Wallingford PA and Nether Providence Township on March 19, 2024 with an average asking price of $525,122.

As home prices continue to see positive movement, despite some slows throughout 2023, home equity continues to grow for homeowners across the country.

CoreLogic’s homeowner equity report for Q4 2023 found that homeowners with mortgages (which account for roughly 62% of all properties) saw a home equity increase of 8.6% year-over-year.

This increase represents a collective gain of $1.3 trillion and an average increase of slightly more than $24,000 per borrower since Q4 2022. As the report states, this brought total net homeowner equity to more than $16.6 billion at the end of 2023.

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Wallingford Market Snapshot – 9 Listings
*8 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$525,122	$629,000	$278,500	$845,000	67

Single Home Market Snapshot – 7 Listings
*6 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$592,258	$649,000	$299,999	$845,000	83

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$278,500	$278,500	$278,500	$278,500	12

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$299,900	$299,900	$299,900	$299,900	12

No Wallingford PA homes went under contract

No new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

14 homes are Under Contract at this time

4 Wallingford PA homes sold last week

**Wallingford Homes Sold March 11, 2024 To March 17, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
430 Vernon Street	TOWN	3	1.0	$252,000	03/11/24	47
800 Avondale Road #2N	CONDO	1	1.0	$168,000	03/13/24	5
303 Highland Avenue	SNG	3	2.0	$605,000	03/15/24	5
701 Hemlock Road	SNG	4	3.0	$800,000	03/15/24	59
AVERAGE				$456,250		29

430 Vernon Street sold with a $6,300 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 26, 2024 To March 10, 2024

March 12, 2024 by admin

A review of recently sold homes in Wallingford PA and current market statistics for buyers and sellers seeking to stayed informed about the market.

There are 9 homes listed for sale – 7 Active listings and 2 Active Under Contract listings – in Wallingford PA and Nether Providence Township on March 12, 2024 with an average asking price of $601,800.

January saw the highest rate of appreciation expected for 2024, as year-over-year single-family home price gains reached 5.8%, according to the CoreLogic Home Price Index (HPI) and HPI Forecast™ for January 2024.

While year-over-year price gains reached their height in January, growth is expected to slow to 2.6% by early 2025.

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Wallingford Market Snapshot – 9 Listings
*7 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$601,800	$649,000	$278,500	$990,000	61

Single Home Market Snapshot – 8 Listings
*6 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$642,212	$649,450	$299,999	$990,000	68

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$278,500	$278,500	$278,500	$278,500	5

10 Wallingford PA home went under contract

5 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

2 listings expired

18 homes are Under Contract at this time

7 Wallingford PA homes sold

**Wallingford Homes Sold February 26, 2024 To March 10, 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
443 Saybrook Lane	TOWN	2	2.1	$309,000	02/28/24	5
117 Beech Road	SNG	3	2.1	$500,000	02/28/24	17
204 Canterbury Drive	SNG	4	2.1	$530,000	02/28/24	6
207 Cricket Lane	SNG	4	2.1	$450,000	02/29/24	22
105 Ronaldson Street	TWIN	3	1.0	$315,000	02/29/24	59
6303 W Rose Valley Road	SNG	4	2.1	$675,000	03/01/24	57
1004 Putnam Blvd	TOWN	2	2.1	$301,000	03/0624	5
AVERAGE				$555,450		63

3 homes sold with a Seller Assist

– 204 Canterbury Drive – $20,000

– 207 Cricket Lane – $2,000

– 105 Ronaldson Street – $1,500

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – February 2024

March 2, 2024 by admin

Daffodils In A February Snow

February recorded a total of 12 homes sold vs 9 homes last year. The average selling price decreased 4.0% year over year to $461,242.

Seven single family homes sold for an average price of $529,414 during the month and averaged 34 Days On the Market. Last February recorded 6 single home sales selling for an average price of $602,333 and spent an average of 34 Days On the Market.

4 Purdy Lane had the highest selling price of the month at $745,000.

Nine listings went under contract during the month – 5 single family homes, 2 townhouses, 1 twin, and 1 condo – with an average asking price of $541,700 and an average of 13 Days On the Market.

Upcoming settlements – 6 in March, 3 in April, and 1 in November.

Sales year to date falls short by 1 home vs last year with with 17 closed transactions for the first 2 months of 2024 compared to 18 last year. The average selling price of $433,648 is a 1.1% increase compared to last year.

**Wallingford PA Closed Transactions February 2024**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #5L	CONDO	3	2.0	$280,000	02/02/24	5
509 Manchester Avenue	TWIN	4	1.0	$390,000	02/08/24	58
119 Maple Road	SNG	3	1.0	$370,000	02/12/24	2
118 Dundee Mills Lane	TOWN	3	2.1	$535,000	02/12/24	95
4 Purdy Lane	SNG	6	4.0	$745,000	02/16/24	72
3 Green Valley Road	SNG	3	2.0	$625,000	02/23/24	4
610 W Brookhaven Road	SNG	4	2.1	$485,900	02/23/24	122
117 Beech Road	SNG	3	2.1	$500,000	02/28/24	7
204 Canterbury Drive	SNG	4	2.1	$530,000	02/28/24	6
443 Saybrook Lane	TOWN	2	2.1	$309,000	02/28/24	5
207 Cricket Lane	SNG	4	2.1	$450,000	02/29/24	22
105 Ronaldson Street	TWIN	2	1.0	$315,000	02/29/24	59
AVERAGE				$461,242		38

* DOM = Days On Market

5 of 12 transactions had a Seller Assist:

– 4 Purdy Lane – $5,000

– 610 W Brookhaven Road – $14,577

– 204 Canterbury Drive – $20,000

– 207 Cricket Lane – $2,000

– 105 Ronaldson Street – $1,500

Financing Methods

– Conventional Mortgage – 9 transactions

– Cash – 3 transactions

**WALLINGFORD SINGLE HOMES – FEBRUARY 2024 – 7 SALES**
Avg Price	Median Price	Low	High	DOM*
$529,414	$500,000	$370,000	$745,000	34

**WALLINGFORD TWINS – FEBRUARY 2024 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$352,500	$352,500	$315,000	$390000	59

**WALLINGFORD TOWNHOUSES – FEBRUARY 2024 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$422,000	$422,000	$309,000	$535,000	50

**WALLINGFORD CONDOS – FEBRUARY 2024 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$280,000	$280,000	$280,000	$280,000	5

**WALLINGFORD – FEBRUARY 2023 VS FEBRUARY 2024**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2023	9	$480,444	31	97.6%	100.00%
2024	12	$461,242	38	98.8%	100.04%
	33.3%	-4.0%	22.6%	1.2%	0.04%

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus