Wallingford PA Real Estate

Wallingford PA Real Estate – 2nd Quarter 2022 Review

July 22, 2022 by admin

The 2nd quarter of 2022 in Wallingford PA recorded 55 closed transactions vs 69 last year. The average sale price continued to rise climbing 6.5% over last year to $453,847.

Sellers reaped the benefits of a market with very limited inventory with 28 – 51% – of homes selling for more than the asking price. The ratio of selling price to original asking price was over 100% at 103.3%.

The core category of single family homes recorded 32 sales with an average selling price of $564,016 compared to last year’s average selling price of $565,485 when 41 single homes sold.

Days On Market averaged crept up by 1 day compared to last year to 13. Buyers were quick to contract with 60% over homes sold during the quarter selling in 7 days or less.

April recorded 18 sales, May had 16 sales, and 21 homes were sold in June.

The highest priced home sold in the quarter was 6 E Brookhaven Road which sold in May for $1,085,000.

**WALLINGFORD – 2ND QUARTER 2021 VS 2ND QUARTER 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	69	$425,957	12	102.9%	103.1%
2022	55	$453,847	13	103.3%	103.0%
	-20.3%	6.5%	8.3%	0.4%	-0.1%

2ND QUARTER 2022 – SALES BY PRICE RANGE

PRICE RANGE	SALES	% Of SALES
$100,000 To $200,000	7	12.7%
$200,000 To $300,000	7	12.7%
$300,000 To $400,000	9	16.4%
$400,000 To $500,000	7	12.7%
$500,000 To $600,000	12	21.8%
$600,000 To $700,000	6	10.9%
$700,000 To $800,000	4	7.3%
$800,000 To $900,000	1	1.8%
$900,000 To $1,000,000	1	1.8%
> $1,000,000	1	1.8%
TOTAL	55

**Single Family Homes Sold – 2nd Quarter 2022 – 32 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$564,016	$550,000	$285,000	$1,085,000	13

**Condominiums – 2nd Quarter 2022 – 10 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$204,816	$169,500	$143,000	$345,710	10

**Townhouses Sold – 2nd Quarter 2022 – 9 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$377,215	$300,000	$227,500	$602,110	19

**Twin Homes Sold – 2nd Quarter 2022 – 4 Listings**
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$367,500	$340,000	$290,000	$500,000	5

*DOM = Days On Market

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 11,2022 To July 17,2022

July 19, 2022 by admin

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

There are 21 homes listed for sale – 16 Active listings and 5 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 19, 2022 with an average asking price of $454,430.

At 57%, lack of inventory remains the most important factor limiting potential clients from making a purchase, followed by housing affordability (16%, up from 8% last year) and difficulty finding the right property (12%, up from 11% last year)

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 21 Listings
*16 – Active 5- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$454,430	$479,900	$184,750	$740,000	29

Single Home Market Snapshot – 14 Listings
*10 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$553,750	$559,500	$375,000	$740,000	34

Condo Market Snapshot – 3 Listings
*3 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$194,883	$199,900	$184,750	$200,000	12

Twin Market Snapshot – 3 Listings
*3 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$306,024	$269,173	$199,000	$449,900	23

Townhouse Market Snapshot – 1 Listing
*1 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$289,000	$289,000	$289,000	$289,000	31

5 Wallingford PA home went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

1 listing expired

41 homes are Under Contract at this time

7 Wallingford PA home sold last week

**Wallingford Homes Sold July 11, 2022 To July 17, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
700 Avondale Road – #2F	CONDO	2	2.0	$186,000	07/11/22	38
411 Osborne Lane	SNG	4	2.0	$340,000	07/12/22	2
823 Pleasant Hill Road	SNG	3	2.1	$485,000	07/12/22	6
700 Avondale Road – #7G	CONDO	2	2.0	$185,000	07/13/22	36
862A Putnam Blvd	CONDO	2	1.0	$200,000	07/14/22	5
501 Blakeley Road	SNG	3	1.1	$400,000	07/14/22	3
406 Briarwood Road	SNG	4	2.1	$742,500	07/15/22	7
AVERAGE				$362,643		14

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 2022

July 19, 2022 by admin

June Hydrangeas

The average sales price in June was $428,437, which represents a 12.0% idecrease compared to last year. Inventory continued to be low with 12 to 16 houses being on the market at anytime during the month. June’s 21 sales consisted of 11 single family homes, 5 townhomes, 3 condos, and 2 twins. The number of homes sold decreased by 12 from 33 last June to 21 this year.

There were 11 single family homes sold in June – compared with 22 last June – with an average price of $525,364 – $86,586 less than last year. Singles averaged 19 days on the market.

The highest selling price for the month was $855,000 for 227 Rogers Lane.

A total of 21 homes went under contract during June 2022 with an average asking price of $356,795. Eleven singles, 4 townhouses, 2 twins and 5 condos were sold during the month.

There are 24 settlements scheduled in July, 7 in August, 1 in October, 3 in December, and 2 in 2022

At the mid point of the year sales are up by 1 home compared to 2021’s first 6 months with 106 closed transactions versus 105 during the first half of last year. The average sale price has increased 12.0% over last year averaging $454,120.

**Wallingford Homes Sold June 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
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
611 W Wiltshire Drive	TWIN	3	3.0	$341,500	06/08/22	7
1124 Putnam Blvd	TOWN	3	2.1	$250,000	06/09/22	1
800 Avondale Road – PH#17	CONDO	1	1.0	$143,000	06/14/22	20
606 School Lane	SNG	3	1.1	$435,500	06/15/22	4
738B Putnam Blvd	CONDO	2	1.0	$160,000	06/16/22	8
336 Crestview Circle	SNG	3	2.1	$380,000	06/16/22	27
6 Sharpless Lane	SNG	4	2.1	$626,000	06/17/22	5
29 Waterford Way	SNG	5	2.1	$700,000	06/21/22	6
800 Avondale Road – #6H	CONDO	1	1.0	$162,500	06/23/22	2
116 Maple Road	SNG	3	1.0	$321,000	06/29/22	5
608 Crum Creek Road	SNG	4	2.1	$650,000	06/28/22	16
925 Putnam Blvd	TOWN	4	2.2	$290,000	06/29/22	12
1167 Putnam Blvd	TOWN	3	2.1	$227,500	06/29/22	7
450 Washington Avenue	SNG	3	2.0	$400,000	06/29/22	71
511 S Media Way	TOWN	3	3.1	$602,110	06/30/22	18
200 Hillsboro Mills Lane	TWIN	3	2.2	$500,000	06/30/22	6
AVERAGE				$428,437		16

* DOM = Days On Market

3 of 21 homes sold with a Seller Assist:

– 800 Avondale Road – PH#17 – $2,000

– 611 W Wiltshire Drive – $5,000

– 200 Hillsboro Mills Lane – $1,987

Financing Methods

– Conventional Mortgage – 12 transactions

– Cash – 6 transactions

– FHA Mortgage – 2 transactions

– Other – 1 transaction

**WALLINGFORD SINGLE HOMES SOLD – JUNE 2022 – 11 SALES**
Avg Price	Median Price	Low	High	DOM*
$525,364	$451,500	$321,000	$855,000	19

**WALLINGFORD TOWNHOUSES SOLD – JUNE 2022 – 5 SALES**
Avg Price	Median Price	Low	High	DOM*
$382,237	$290,000	$227,500	$601,110	18

**WALLINGFORD CONDOS SOLD – JUNE 2022 – 3 SALES**
Avg Price	Median Price	Low	High	DOM*
$155,167	$160,000	$143,000	$162,500	10

**WALLINGFORD TWINS SOLD – JUNE 2022 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$420,750	$420,750	$341,500	$500,000	7

**WALLINGFORD – JUNE 2021 VS JUNE 2022**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2021	33	$486,827	13	103.7%	104.2%
2022	21	$428,437	16	101.6%	102.2%
	-36.3%	-12.0%	23.0%	-2.1%	-2.0%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – July 4, 2022 To July 10, 2022

July 12, 2022 by admin

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

There are 22 homes listed for sale – 14 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 12, 2022 with an average asking price of $399,108.

At the national level, housing affordability weakened in May compared to the previous month according to NAR’s Housing Affordability Index. Compared to the prior month, the monthly mortgage payment increased by 6.2% while the median family income increased modestly by 0.7%.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 22 Listings
*14 – Active 8 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$399,108	$405,000	$190,000	$649,000	28

Single Home Market Snapshot – 12 Listings
*9 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$518,048	$537,000	$375,000	$649,000	33

Condo Market Snapshot – 5 Listings
*3 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$196,960	$199,900	$190,000	$200,000	17

Twin Market Snapshot – 3 Listings
*2 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$288,058	$269,173	$210,000	$385,000	20

Townhouse Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$357,450	$357,450	$289,900	$425,000	33

2 Wallingford PA home went under contract

4 new listings came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listing expired

43 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold July 4, 2022 To July 10, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1058 Putnam Blvd	TOWN	3	2.2	$342,500	07/06/22	5
AVERAGE				$342,500		5

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – June 27, 2022 To July 3, 2022

July 5, 2022 by admin

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

There are 21 homes listed for sale – 13 Active listings and 8 Active Under Contract listings – in Wallingford PA and Nether Providence Township on July 5, 2022 with an average asking price of $420,110.

The national median price jumped 14.8% in May from a year earlier to $406,700 – an all time high.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 21 Listings
*13 – Active 8 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$420,110	$425,000	$184,900	$725,000	25

Single Home Market Snapshot – 13 Listings
*9 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$493,962	$535,000	$295,000	$620,000	28

Condo Market Snapshot – 5 Listings
*2 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$193,960	$195,000	$184,900	$200,000	21

Twin Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$385,000	$385,000	$385,000	$385,000	10

Townhouse Market Snapshot – 2 Listings
*2 – Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$357,450	$357,450	$289,900	$425,000	28

7 Wallingford PA home went under contract

6 new listings came onto the market

No listing were withdrawn from the market

1 listing was temporarily taken off the market

1 listing expired

42 homes are Under Contract at this time

8 Wallingford PA homes sold last week

**Wallingford Homes Sold June 27, 2022 To July 3, 2022**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
116 Maple Road	SNG	3	1.0	$321,000	06/29/22	5
925 Putnam Blvd	TOWN	4	2.2	$290,000	06/29/22	12
1167 Putnam Blvd	TOWN	3	2.1	$227,500	06/29/22	7
450 Washington Avenue	SNG	3	2.0	$400,000	06/29/22	71
200 Hillsboro Mills Lane	TWIN	3	2.2	$500,000	06/30/22	6
49 Green Valley Road	SNG	3	1.1	$560,000	07/01/22	6
105 Westminster Drive	SNG	4	3.0	$480,000	07/01/22	6
916 Surrey Road	SNG	4	2.1	$686,000	07/01/22	6
AVERAGE				$433,063		15

200 Hillsboro Mills Lane sold with a $1,987 Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus