Wallingford PA Homes Sold

Wallingford PA Real Estate – May 2022

June 7, 2022 by admin

Spring Visitor

The average sales price in May 2022 was $481,363, which represents a 35.2% increase compared to last year. Units were down from 20 last year to 16 in 2022. Inventory continued to be low with 12 to 16 houses being on the market at anytime during the month. May’s 33 sales consisted of 11 single family homes, 3 condos, 1 townhome ,and 1 twin.

There were 11 single family homes sold in May – compared with 10 last May – with an average price of $570,045, a price that is over $60K higher than last year’s average. Singles averaged just 10 days on the market.

The highest selling price for the month was $1,085,000 for 6 E Brookhaven Road..

A total of 18 homes went under contract during June 2022 with an average asking price of $371,450. Nine singles, 4 townhouses, 3 twins, 3 townhouses, and 3 condos were sold during the month.

There are 24 settlements scheduled in June, 9 in July, 12 in August, and 1 in September, October and December.

For the first 5 months of the year sales are up 18.1% compared to 2021’s first 5 months with 85 closed transactions versus 72 during the first half of last year. The average sale price has increased 25.1% over last year awith an average sales price of $460,466. Average days on market came in at 22.

**Wallingford Homes Sold May 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
508 Oakcrest Lane	SNG	4	3.1	$512,000	05/02/22	11
17 Mallard Mill Run	TOWN	3	3.0	$408,100	05/02/22	7
213 Ash Road	SNG	3	1.1	$350,000	05/03/22	4
913 Penn Valley Road	SNG	4	2.1	$652,500	05/03/22	4
203 Glendale Road	SNG	4	2.1	$550,000	05/06/22	11
320 Cedar Lane	SNG	4	3.0	$730,000	05/06/22	3
700 Scott Lane	SNG	3	1.1	$430,000	05/09/22	6
1000 Putnam Blvd #602	CONDO	3	2.0	$169,000	05/13/22	2
619 W Wiltshire Drive	TWIN	3	2.1	$338,500	05/20/22	4
307 Media Parkway	SNG	3	1.0	$285,000	05/20/22	16
619 W Wiltshire Drive	TWIN	3	2.1	$338,500	05/20/22	4
206 Governors Drive	SNG	4	2.1	$555,000	05/20/22	8
307 Media Parkway	SNG	3	1.0	$285,000	05/20/22	16
858B Putnam Blvd	CONDO	2	1.0	$170,000	05/31/22	3
219 Woodward Road	SNG	4	2.1	$705,000	05/31/22	4
514 Georgetown Road	SNG	6	3.1	$421,000	05/31/22	6
AVERAGE				$481,363		8

* DOM = Days On Market

1 of 16 homes sold with a Seller Assist:

– 6 E Brookhaven Road – $27,290

Financing Methods

– Conventional Mortgage – 10 transactions

– Cash – 6 transactions

**WALLINGFORD SINGLE HOMES SOLD – MAY 2022 – 11 SALES**
Avg Price	Median Price	Low	High	DOM*
$570,045	$550,000	$285,000	$1,085,000	10

**WALLINGFORD CONDOS SOLD – MAY 2022 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$228,237	$170,000	$169,000	$345,710	2

**WALLINGFORD TWINS SOLD – MAY 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$338,500	$338,500	$338,500	$338,500	4

**WALLINGFORD TOWNHOUSES SOLD – MAY 2022 – 1 SALE**
Avg Price	Median Price	Low	High	DOM*
$408,100	$408,100	$408,100	$408,100	7

**WALLINGFORD – MAY 2021 VS MAY 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	20	$356,040	12	101.6%	101.7%
2022	16	$481,363	8	103.5%	103.3%
	-20.0%	35.2%	-33.0%	1.9%	1.6%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 30, 2022 To June 5, 2022

June 7, 2022 by admin

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

There are 23 homes listed for sale – 18Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 7, 2022 with an average asking price of $422,638.

For weeks now, housing experts and economists have debated whether or not the country is in a housing bubble.

Home prices and mortgage rates have surged, while wages have trailed behind. Within the last year alone, home price growth, which has reached 20.6%, has become four times greater than income growth (which is a mere 4.8%). That means underlying economic forces in the market, such as incomes, are no longer able to support home prices in many places.

Mark Zandi, a Moody’s Analytics chief economist, told Fortune recently that a housing bubble would require both speculation-driven price growth and overvaluation – and overvaluation has now impacted over half of all U.S. housing markets, even though speculation-driven price growth isn’t at play in the U.S. (this time around).

It is reported that 67.9% of U.S. regional housing markets are now “overvalued,” as of the latest available data from March, meaning that incomes in those markets are no longer able to support home prices, according to an analysis provided to Fortune by real estate data firm CoreLogic.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 23 Listings
*18 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$422,638	$420,000	$194,900	$620,000	24

Single Home Market Snapshot – 16 Listings
*12 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$484,850	$485,000	$295,000	$620,000	28

Condo Market Snapshot – 3 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,967	$200,000	$194,900	$205,000	22

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,058	$385,000	$279,173	$500,000	10

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,000	$199,000	$199,000	$199,000	4

4 Wallingford PA homes went under contract

5 new listings came onto the market

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

38 homes are Under Contract at this time

8 Wallingford PA homes sold last week

**Wallingford Homes Sold May 30, 2022 To June 5, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
858B Putnam Blvd	CONDO	2	1.0	$170,000	05/31/22	3
219 Woodward Road	SNG	4	2.1	$705,000	05/31/22	4
514 Georgetown Road	SNG	6	3.1	$421,000	05/31/22	6
313 Prichard Lane	SNG	4	2.1	$420,000	06/01/22	7
227 Rogers Lane	SNG	4	2.1	$855,000	06/01/22	7
506 S Media Way #9U	TOWN	3	2.0	$541,575	06/01/22	53
504 Scott Lane	SNG	5	2.1	$540,000	06/02/22	58
300 Scott Lane	SNG	4	1.1	$451,500	06/03/22	5
AVERAGE				$513,009		18

No homes sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 23, 2022 To May 29, 2022

June 2, 2022 by admin

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

There are 25 homes listed for sale – 20 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on June 2, 2022 with an average asking price of $414,427.

The intense market competition of the last two pandemic-fueled years is finally beginning to slow down, according to a new report released Thursday by Seattle-based brokerage Redfin.

Nineteen percent of homesellers – or nearly one in five – dropped their listing price during the four-week period ending on May 22, 2022, marking the largest number of sellers to do so since pre-pandemic times in October 2019, Redfin reported.

During the four-week period ending May 1, just 15% of sellers dropped their asking price.

In addition, the typical listing’s time on market, the share of homes that have gone pending within one week, and the share of homes sold above-asking have all plateaued, another sign of the market cooling off. Mortgage purchase applications were also at the same rate as they were in June 2020 (down 16%year over year) and the number of buyers visiting and making offers on homes, according to the Redfin Homebuyer Demand Index, saw its largest annual decrease since April 2020, a decline of 12% year over year.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 25 Listings
*20 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$414,427	$415,000	$295,000	$620,000	19

Single Home Market Snapshot – 18 Listings
*14 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$468,978	$467,000	$295,000	$625,000	23

Condo Market Snapshot – 4 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$188,725	$197,450	$155,000	$205,000	13

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,058	$385,000	$279,173	$500,000	6

4 Wallingford PA homes 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

No listings expired

39 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold May 23, 2022 To May 29, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
6 E Brookhaven Road	SNG	5	4.1	$1,085,000	05/24/22	41
506 S Media Way	CONDO	2	2.0	$345,710	05/25/22	1
AVERAGE				$714,355		21

N6 E Brookhaven Road sold with a $7,290 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 16, 2022 To May 22, 2022

May 24, 2022 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 May 24, 2022 with an average asking price of $402,084.

After spending the first part of the pandemic bidding up prices in cities and suburbs alike, homebuyers have spent recent months keying in on one arena in particular — the American suburb.

The typical home in a suburban ZIP code saw its value rise $66,490 over the last year, compared with a $61,671 price in urban areas, a new report from Zillow Research suggests.

These suburban home markets recorded 20% price growth year-over-year in March, compared to 17% in urban areas and 16% in rural ones.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 20 Listings
*16 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$402,084	$407,450	$160,000	$625,000	19

Single Home Market Snapshot – 14 Listings
*12 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$457,336	$434,500	$295,000	$625,000	23

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$199,950	$199,950	$194,900	$205,000	15

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

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,058	$279,173	$160,000	$500,000	4

1 Wallingford PA home went under contract

8 new listings 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

3 Wallingford PA homes sold last week

**Wallingford Homes Sold May 16, 2022 To May 22, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
7619 W Wiltshire Drive	TWIN	3	2.1	$338,500	05/20/22	4
206 Governors Drive	SNG	4	2.1	$555,000	05/20/22	8
307 Media Parkway	SNG	3	1.0	$285,000	05/20/22	16
AVERAGE				$393,833		9

No home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – May 9, 2022 To May 15, 2022

May 17, 2022 by admin

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

There are 13 homes listed for sale – 8 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on May 17, 2022 with an average asking price of $412,054.

A year ago, the great majority of American homebuyers despaired over the state of the housing market. Prices had hit record highs. There were so few homes for sale that lines for open houses stretched for blocks and move-in ready places in desirable areas were receiving dozens of offers – and prompting soul-crushing bidding wars. It couldn’t possibly get any worse, right?

Wrong, actually! Fast-forward a year, and there are even fewer homes for sale, prices have continued their upward trajectory, and mortgage interest rates are shooting up at a breakneck pace.

The result: The real costs of homeownership – the actual payments buyers need to make each month, made up primarily by mortgage and principal costs, along with property tax and insurance – are skyrocketing. And this has severely diminished the buying power of most wannabe homeowners.

Someone purchasing the same home today will spend about 1.5 times more on their mortgage bills than they would have just one year earlier. To be clear, home prices alone haven’t risen anywhere near that high. And sellers generally aren’t pocketing that much extra cash through bidding wars. What’s happening is the higher home prices and rising rates have inflated monthly mortgage payments by about 50% in just one year.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 13 Listings
*8 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,054	$415,000	$194,900	$599,000	22

Single Home Market Snapshot – 9 Listings
*5 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$460,767	$449,000	$350,000	$599,000	28

Condo Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,950	$204,950	$194,900	$215,000	8

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

Twin Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$500,000	$500,000	$500,000	$500,000	6

9 Wallingford PA homes 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

No listings expired

41 homes are Under Contract at this time

2 Wallingford PA homes sold

**Wallingford Homes Sold May 9, 2022 To May 15, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Scott Lane	SNG	3	1.1	$430,000	05/09/22	6
1000 Putnam Blvd #602	CONDO	3	2.0	$169,000	05/13/22	2
AVERAGE				$299,500		4

Neither home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus