Nether Providence Township

Wallingford PA Real Estate – 2nd Quarter 2023 Review

July 5, 2023 by admin

The 2nd quarter of 2023 in Wallingford PA recorded 49 closed transactions vs 56 last year. The average sale price continued to rise climbing 6.7% over last year to $482,495.

Sellers reaped the benefits of a market with very limited inventory with 36 of the 49 homes sold (73%) – of homes selling at or over the asking price.

The core category of single family homes recorded 36 sales with an average selling price of $552,928 compared to last year’s average selling price of $557,955 when 33 single homes sold.

Days On Market averaged crept up by 10 days compared to last year to 13. Buyers were quick to contract with 59% of homes sold during the quarter going under contract in 7 days or less.

April recorded 13 sales, May had 21 sales, and 15 homes were sold in June.

The highest priced home sold in the quarter was 215 Wisteria Lane which sold in May for $1,115,000.

**WALLINGFORD – 2ND QUARTER 2022 VS 2ND QUARTER 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	56	$452,243	13	103.3%	102.9%
2023	49	$482,495	23	102.5%	102.2%
	-13.0%	6.7%	77.0%	-0.8%	-0.7%

2ND QUARTER 2023 – SALES BY PRICE RANGE

PRICE RANGE	SALES	% Of SALES
< $100,000	2	4.0%
$100,000 To $200,000	5	10.2%
$200,000 To $300,000	4	8.2%
$300,000 To $400,000	9	18.4%
$400,000 To $500,000	7	14.3%
$500,000 To $600,000	6	12.2%
$600,000 To $700,000	8	16.3%
$700,000 To $800,000	4	8.2%
$800,000 To $900,000	1	2.0%
$900,000 To $1,000,000	2	4.0%
> $1,000,000	1	2.0%
TOTAL	49

**Single Family Homes Sold – 2nd Quarter 2023 – 36 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$552,928	$542,500	$82,000	$1,115,000	27

Condominiums – 2nd Quarter 2023 – 5
Listings
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$238,507	$185,000	$155,165	$431,270	4

**Townhouses Sold – 2nd Quarter 2023 – 5 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$318,038	$272,550	$290,000	$680,000	15

**Twin Homes Sold – 2nd Quarter 2023 – 3 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,000	$165,000	$82,000	$365,000	3

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 2023

July 5, 2023 by admin

The average sales price in June was $483,262, which represents a 13.6% increase over last year. June’s 15 sales consisted of 11 single family homes, 2 condos, and 2 twins. The number of homes sold decreased by 7, from 22 last June to 15 this year.

With just 15 settlements this month, in what is typically the busiest month of the year, sales volume is running significantly lower than the 5 year average of 28 June settlements.

There were 11 single family homes sold in June with an average price of $570,811. Singles averaged 24 days on the market.

The highest selling price for the month was $915,000 for 41 S Providence Road.

A total of 18 homes went under contract during June 2023 with an average asking price of $444,572. Twelve singles, 3 townhouses, 2 twins and 1 condos were sold during the month.

There are 12 settlements scheduled in July and 6 in August.

At the mid point of the year sales are tracking well behind 2022’s first 6 months with 82 closed transactions versus 107 during the first half of last year. The average sale price has decreased 2.0% over last year averaging $444,172.

**Wallingford Homes Sold June 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
510 Washington Avenue	TWIN	5	1.0	$165,000	06/05/23	1
800 Avondale Road #5K	CONDO	2	2.0	$185,000	06/05/23	4
621 Morris Lane	SNG	3	2.1	$605,000	06/05/23	3
41 S Providence Road	SNG	5	3.0	$915,000	06/05/23	143
701 Hemlock Road	SNG	4	2.0	$499,900	06/05/23	20
215 E Rose Valley Road	SNG	3	2.0	$697,500	06/15/23	5
213 E Rose Valley Road	SNG	4	2.1	$590,000	06/20/23	11
503 Oakcrest Lane	SNG	5	2.0	$620,000	06/20/23	9
524 S Media Way	SNG	3	2.1	$725,525	06/12/23	20
209 Pine Road	SNG	3	1.0	$386,000	06/26/23	2
621 Manchester Avenue	TWIN	3	1.1	$365,000	06/20723	5
700 Avondale Road #5F	CONDO	2	2.0	$255,000	06/29/23	4
14 Walnut Road	SNG	3	2.0	$380,000	06/29/23	4
128 Wallingford Avenue	SNG	3	1.1	$450,000	06/29/23	49
117 Waterville Road	SNG	5	2.1	$400,000	06/30/23	3
AVERAGE				$483,262		19

* DOM = Days On Market

No homes sold with a Seller Assist:

Financing Methods

– Conventional Mortgage – 7 transactions

– Cash – 6 transactions

– VA Mortgage – 1 transaction

– Other – 1 transaction

**WALLINGFORD SINGLE HOMES SOLD – JUNE 2023 – 11 SALES**
Avg Price	Median Price	Low	High	DOM*
$570,811	$590,000	$380,000	$915,000	24

**WALLINGFORD CONDOS SOLD – JUNE 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$220,000	$120,000	$185,000	$255,000	4

**WALLINGFORD TWINS SOLD – JUNE 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$265,000	$265,000	$165,000	$365,000	3

**WALLINGFORD – JUNE 2022 VS JUNE 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	22	$425,508	17	101.5%	102.0%
2023	15	$483,262	19	102.9%	101.6%
	-32.0%	13.6%	12.0%	1.4%	-0.4%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 26, 2023 To July 2, 2023

July 4, 2023 by admin

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

There are 15 homes listed for sale – 10 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 4, 2023 with an average asking price of $632,699.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 15 Listings
*10 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$632,699	$595,000	$219,999	$1,998,000	97

Single Home Market Snapshot – 10 Listings
*6 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$811,749	$727,500	$289,900	$1,998,000	133

Townhouse Market Snapshot – 1 Listing
*No Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$275,000	$275,000	$275,000	$275,000	5

Twin Home Market Snapshot – 3 Listings
*3 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$292,667	$290,000	$283,000	$305,000	40

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$219,999	$219,999	$219,999	$219,999	6

2 Wallingford PA homes went under contract

3 new listings came onto the market

No listings were withdrawn from the market

1 listing was temporarily taken off the market

2 listings expired

23 homes are Under Contract at this time

6 Wallingford PA homes sold last week

**Wallingford Homes Sold June 26 2023 To July 2, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
209 Pine Road	SNG	3	1.0	$386,000	06/26/23	2
621 Manchester Avenue	TWIN	3	1.1	$365,000	06/20723	5
700 Avondale Road #5F	CONDO	2	2.0	$255,000	06/29/23	4
14 Walnut Road	SNG	3	2.0	$380,000	06/29/23	4
128 Wallingford Avenue	SNG	3	1.1	$450,000	06/29/23	49
117 Waterville Road	SNG	5	2.1	$400,000	06/30/23	3
AVERAGE				$372,667		11

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 19, 2023 To June 25, 2023

June 27, 2023 by admin

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

There are 20 homes listed for sale – 11 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 27, 2023 with an average asking price of $585,014.

With supply still limited relative to demand, 31% of homes sold above list price, down slightly from 33% last month but down from 55% a year ago.

In Wallingford 55% of homes that settled last month sold for over asking price. In May 2022 44% of homes sold over asking price.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 20 Listings
*11 – Active 9 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$585,014	$432,400	$200,000	$1,998,000	75

Single Home Market Snapshot – 13 Listings
*8 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$749,414	$660,000	$200,000	$1,998,000	103

Townhouse Market Snapshot – 2 Listings
*No Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$242,500	$242,500	$210,000	$275,000	23

Twin Home Market Snapshot – 4 Listings
*3 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$310,725	$297,500	$283,000	$364,900	26

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$230,000	$230,000	$230,000	$230,000	10

6 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

28 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold June 19, 2023 To June 25, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
213 E Rose Valley Road	SNG	4	2.1	$590,000	06/20/23	11
503 Oakcrest Lane	SNG	5	2.0	$620,000	06/20/23	9
524 S Media Way	SNG	3	2.1	$725,525	06/12/23	20
AVERAGE				$648,508		13

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 2023

June 22, 2023 by admin

New Turf Being Installed At George King Field

The average sales price in May 2023 was $551,027, which represents a 14.5% increase compared to last year. May’s 21 sales consisted of 15 single family homes, 2 condos, 3 townhomes ,and 1 twin.

There were 15 single family homes sold in May – compared with 11 last May – with an average price of $570,045, a price that is over $82K higher than last year’s average. Singles averaged 37 days on the market.

The highest selling price for the month was $1,115,000 for 215 Wisteria Lane.

A total of 7 homes went under contract during June 2022 with an average asking price of $491,143 – all were single family homes.

There are 13 settlements scheduled in June, 9 in July, 3 in August.

For the first 5 months of the year sales are running a transaction deficit of 22.4% compared to 2022’s first 5 months with 66 closed transactions versus 85 during the first 5 months of last year. The average sales price has decreased 6.2% compared to last year with an average sales price of $431,867. Average days on market came in at 32.

**Wallingford Homes Sold May 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
8 Hickory Lane	SNG	4	2.0	$670,000	05/01/23	1
700 Pine Ridge Road	SNG	3	2.1	$740,000	05/02/23	2
506 Media Parkway	SNG	3	1.0	$335,000	05/03/23	32
411 Marie Drive	SNG	4	5.1	$900,000	05/08/23	52
516 South Media Way	TOWN	4	3.0	$680,000	05/09/23	4
706 Blakeley Road	SNG	3	1.0	$320,000	05/10/23	205
412 Briarwood Road	SNG	3	1.1	$535,000	05/11/23	7
520 South Media Way	CONDO	3	2.0	$431,270	05/11/23	1
959 Putnam Blvd	TOWN	3	2.1	$305,000	05/12/23	6
338 Callendar Lane	SNG	4	2.0	$590,000	05/15/23	135
522 South Media Way	TOWN	3	3.0	$572,205	05/15/23	15
309 Woodward Road	SNG	5	4.1	$875,000	05/16/23	5
709 Washington Avenue	SNG	3	2.1	$425,000	05/18/23	4
11 W Possum Hollow Road	SNG	3	2.1	$680,000	05/19/23	56
228 Ridgewood Road	SNG	3	1.1	$550,000	05/24/23	4
215 Wisteria Lane	SNG	5	3.1	$900,000	05/24/23	7
360A Saybrook Lane	CONDO	2	1.0	$145,000	05/24/23	4
437 Manchester Avenue	SNG	4	1.1	$365,000	05/25/23	5
704 Atlanta Court	TWIN	2	1.0	$82,000	05/30/23	4
209 Hastings Avenue	SNG	5	2.0	$535,000	05/30/23	37
404 Golfview Road	SNG	4	2.0	$700,000	05/31/23	1
AVERAGE				$551,027		28

* DOM = Days On Market

2 of 21 homes sold with a Seller Assist:

– 706 Blakeley Road – $15,000

– 704 Atlanta Court – $3,000

Financing Methods

– Conventional Mortgage – 14 transactions

– Cash – 6 transactions

– FHA Mortgage – 1 transactions

**WALLINGFORD SINGLE HOMES SOLD – MAY 2023 – 15 SALES**
Avg Price	Median Price	Low	High	DOM*
$653,000	$570,000	$320,000	$1,115,000	37

**WALLINGFORD CONDOS SOLD – MAY 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$298,685	$298,685	$166,100	$431,270	3

**WALLINGFORD TWINS SOLD – MAY 2023 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$82,000	$82,000	$82,000	$82,000	4

**WALLINGFORD TOWNHOUSES SOLD – MAY 2023 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$519,068	$572,205	$305,000	$680,000	8

**WALLINGFORD – MAY 2022 VS MAY 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	16	$481,363	8	103.5%	103.3%
2023	21	$551,027	28	105.5%	104.9%
	31.3%	35.2%	262.5%	2.0%	1.6%

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus