Real Estate In Wallingford Swarthmore School District

Wallingford PA Real Estate – January 30, 2023 To February 5, 2023

February 7, 2023 by admin

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

There are 21 homes listed for sale – 17 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on February 7, 2023 with an average asking price of $627,324.

The Nati0nal Association of Realtors (NAR) recently surveyed it’s members to get a pulse on the market – here are some key findings:

First-time buyers represented 31% of buyers, up from 28% one month ago and about the same as one year ago.
First-time buyers represented 31% of buyers, up from 28% one month ago and about the same as one year ago
57% of respondents reported properties sold in less than one month. This is down from 61% a month ago and 79% in December 2021.
Homes listed received an average of 2.2 offers, nearly flat from November 2022 when it was 2.3 and down from 3.8 in December 2021.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 21 Listings
*17- Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$627,324	$500,000	$129,900	$2,750,000	72

Single Home Market Snapshot – 17 Listings
*13 – Active 4- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$728,112	$589,000	$299,500	$2,750,000	73

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$185,000	$185,000	$185,000	$185,000	8

Twin Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$192,450	$192,450	$129,900	$255,000	123

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$226,000	$226,000	$226,000	$226,000	26

4 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No listings were withdrawn from the market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

No listings expired

17 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold January 30, 2023 To February 5, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
6403 Crumwald Lane	SNG	4	3.1	$780,000	02/01/23	4
AVERAGE				$780,000		4

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 2023

February 3, 2023 by admin

Sales for January 2023 fell 1 home short of last year’s total of 10 homes. The 9 sales in January 2023 sold for an average price of $377,111 – a 19.3% decrease compared to last year. January sales consisted of 6 single family homes, 1 townhouse, and 2 condos. A total of $3,394,000 in real estate changed hands during the month.

January’s 6 single family homes sold for an average price of $457,750 and averaged 46 days on the market. Last January 8 single family homes sold for an average price of $545,750 and averaged 49 days on the market.

10 W Possum Hollow Road had the highest selling price for the month at $689,000.

Eight homes went under contract during the month – 5 singles, 2 condos, and1 twin – with an average asking price of $316,038 and an average of 40 Days On Market.

Future settlements – 11 in February, 3 in March, 2 in April and 1 in May.

**Wallingford Homes Sold January 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
861 Parkridge Drive	SNG	4	2.1	$605,000	01/05/23	126
10 W Possum Holllow Road	SNG	4	2.1	$689,000	01/06/23	7
102 Westminster Drive	SNG	4	2.1	$530,000	01/10/23	25
302 E Rose Valley Road	SNG	4	2.1	$480,000	01/11/23	8
800 Avondale Road #5H	CONDO	1	1.0	$163,000	01/11/23	32
708A Putnam Blvd	CONDO	2	1.0	$194,500	01/17/23	49
357 Saybrook Lane	TOWN	3	2.1	$315,000	01/20/23	22
209 Cedar Road	SNG	3	1.0	$265,000	01/20/23	101
614 Wallingford Avenue	SNG	3	1.0	$167,500	01/25/23	7
AVERAGE				$377,111		42

* DOM = Days On Market

3 of 9 transactions had a Seller Assist:

– 861 Parkridge Drive- $27,200

– 209 Cedar Road – $7,950

– 708A Putnam Blvd – $3,000

Financing Methods

– Conventional Mortgage – 7 transactions

– Cash – 2 transactions

**WALLINGFORD SINGLE HOMES – JANUARY 2023 – 6 SALES**
Avg Price	Median Price	Low	High	DOM*
$457,750	$510,000	$167,500	$689,000	46

**WALLINGFORD TOWNHOUSES – JANUARY 2023 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$290,000	$290,000	$290,000	$290,000	22

**WALLINGFORD CONDOS – JANUARY 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$178,750	$178,750	$163,000	$194,500	41

**WALLINGFORD – JANUARY 2022 VS JANUARY 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	10	$467,200	40	97.3%	99.6%
2023	9	$377,111	42	95.7%	97.6%
	-10.0%	-19.3%	5.0%	-1.6%	-2.0%

* DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 23, 2023 To January 29, 2023

January 31, 2023 by admin

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

There are 20 homes listed for sale – 16 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 31, 2023 with an average asking price of $632,190.

NAR released a summary of pending home sales data showing that December’s pending home sales pace increased 2.5% last month but fell 33.8% from a year ago.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 20 Listings
*16 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$632,190	$500,000	$200,000	$2,750,000	73

Single Home Market Snapshot – 17 Listings
*14 – Active 3- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$703,694	$535,000	$299,500	$2,750,000	70

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	5

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$255,000	$255,000	$255,000	$255,000	235

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$226,000	$226,000	$226,000	$226,000	19

4 Wallingford PA homes went under contract

3 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

15 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold January 23, 2023 To January 29, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
614 Wallingford Avenue	SNG	3	1.0	$167,500	01/25/23	7
AVERAGE				$167,500		7

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – January 16, 2023 To January 22, 2023

January 24, 2023 by admin

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

There are 19 homes listed for sale – 17 Active listings and 2 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 24, 2023 with an average asking price of $628,468.

Nationally the median home sales price in 2022 was $386,300, up 10.2% from 2021, and the highest on record going back to 1999, according to data from the National Association of Realtors.

In Wallingford the median home sales price in 2022 was $385,000, down 2.5% from 2021’s $395,000.

Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 19 Listings
*17 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$628,468	$500,000	$200,000	$2,750,000	69

Single Home Market Snapshot – 16 Listings
*15 – Active 1- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$703,744	$524,500	$249,000	$2,750,000	67

Condo Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	5

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$255,000	$255,000	$255,000	$255,000	228

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$226,000	$226,000	$226,000	$226,000	12

2 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

2 listings expired

10 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold January 6, 2023 To January 22, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
708A Putnam Blvd	CONDO	2	1.0	$194,500	01/17/23	49
357 Saybrook Lane	TOWN	3	2.1	$315,000	01/20/23	22
209 Cedar Road	SNG	3	1.0	$265,000	01/20/23	101
AVERAGE				$249,833		57

2 homes sold with a Seller Assist

– 708A Putnam Blvd – $3,000

– 209 Cedar Road – $7,950

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – 4th Quarter 2022 Review

January 19, 2023 by admin

A total of 45 homes sold during the 4th quarter of 2022 in Wallingford PA which fell short of last year’s tally by 5 homes. The average selling price saw a drop of 9.9% to $387,779 when compared to last year’s 4th quarter average. Three factors contributed to the erosion in average sales price:

The average sales price for single homes fell $94,466 to $470,704 – a 16.7% decrease
Sales in the $500K to $600K range fell from 11 sales last year to 2 sales this year
There were no $1M sales recorded

There were 24 Single family homes sales during the quarter vs 26 last year. The average selling price for singles also fell 16.7% to $470,704.

There were 14 sales in October, 18 in November, and 13 in December.

23 Brookside Road and 113 Avonbrook Road garnered the top selling price for the quarter at $800,000.

**WALLINGFORD – 4TH QUARTER 2021 VS 4TH QUARTER 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	50	$430,318	18	100.5%	100.5%
2022	45	$387,779	20	98.3%	98.3%
	-10.0%	-9.9%	11.1%	-2.2%	-2.2%

4TH QUARTER 2022 – SALES BY PRICE RANGE

PRICE RANGE	SALES
$100,000 To $200,000	6
$200,000 To $300,000	7
$300,000 To $400,000	14
$400,000 To $500,000	8
$500,000 To $600,000	2
$600,000 To $700,000	6
$700,000 To $800,000	2
TOTAL	45

**Single Family Homes Sold – 4th Quarter 2022 – 24 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$470,704	$434,000	$230,000	$800,000	24

**Condominiums Sold – 4th Quarter 2022 – 7 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$213,034	$199,900	$150,000	$356,340	30

**Twin Homes Sold – 4th Quarter 2022 – 5 Sales**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$274,700	$301,000	$150,000	$370,000	14

**Townhouses Sold – 4th Quarter 2022 – 9 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$365,379	$320,000	$170,000	$621,315	7

2022 YEAR END SUMMARY

The year 2022 concludes with 221 closed transactions – the same total as last year. The average selling price for Wallingford homes in 2022 increased 1.5% to $425,979 over last year’s $419,864.

There were 123 single family home sales in 2022 with an average sales price of $536,465 – just $5 more that the average selling price recorded in 2021 when there were 135 singles sold – with an average of 21 days on the market.

Wallingford PA Real Estate – Wallingford, PA 19086

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* DOM = Days On Market

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2022 YEAR END SUMMARY

S. Clark Kendus