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

There are 28 homes listed for sale in Wallingford PA and Nether Providence Township on August 25, 2020 with an average asking price of $516,082.

The housing market has been defying forecasts during the COVID-19 pandemic. Initially, home sales nose-dived for three consecutive months during state shutdowns. But by June, a “remarkable housing recovery” took hold, and real estate bounced back with a vengeance, Lawrence Yun, chief economist for the National Association of REALTORS®, said Wednesday during NAR’s virtual 2020 Leadership Summit.

One-third of REALTORS® say they’re busier this summer than they were a year ago, according to a recent NAR survey. It’s a sign that even under the weight of compounding national crises – the pandemic, skyrocketing unemployment, racial inequality, and a recession – the housing market is likely to remain strong. The market is on the upswing of a “V-shaped recovery,” Yun said, with sales about 10% higher than a year ago. 

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Wallingford Market Snapshot – 28 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$516,082	$432,000	$115,000	$1,049,000	38

Single Home Market Snapshot – 22 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$587,627	$507,450	$239,000	$1,049,000	45

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$333,333	$350,000	$235,000	$415,000	21

Condo Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$132,500	$132,500	$132,500	$132,500	6

Twin Home Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$195,000	$195,000	$115,000	$275,000	8

*DOM = Days On Market

3 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No listings were withdrawn from the market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

34 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold August 17, 2020 To August 23, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
310 Beatty Road	SNG	4	3.1	$719,000	08/17/20	6
106 Manchester Road	SNG	3	1.1	$485,000	08/18/20	5
210 Willow Road	SNG	3	1.0	$269,000	08/19/20	3
800 Avondale Road PH17	CONDO	1	1.0	$129,900	08/19/20	6
604 Allen Lane	SNG	3	1.1	$426,000	08/21/20	6
AVERAGE				$410,160		19

2 homes sold with a Seller Assist

– 106 Manchester Road – $15,000

– 604 Allen Lane – $6,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 30 homes listed for sale in Wallingford PA and Nether Providence Township on August 18, 2020 with an average asking price of $498,573.

Buyers are finding greater selection in their house hunt as new listings increase above pre-pandemic levels, according to realtor.com®’s latest Weekly Recovery Report, reflecting the week ending Aug. 8. The increase in new listings now brings all four major components of housing activity tracked on the index—also including housing demand, asking prices, and pace of sales—above the pre-pandemic baseline of January 2020.

The realtor.com® Housing Market Recovery Index reached a reading of 105.6 nationwide for the week ending Aug. 8, 5.6 points above the pre-COVID-19 baseline. The index uses 100 as its baseline period to compare the housing market’s recovery to January 2020, before the coronavirus outbreak hit the U.S.

While new listings growth has recovered to pre-COVID-19 levels, it still remains down 6% year over year, realtor.com® reports. “The small number of homes for sale has been a key limited factor for buyers in the market, so continued recovery in new listings bodes well for home sales in the coming months,” realtor.com® reports.

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Wallingford Market Snapshot – 30 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$498,573	$434,000	$115,000	$1,049,000	44

Single Home Market Snapshot – 24 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$565,950	$482,450	$239,000	$1,049,000	51

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$333,333	$350,000	$235,000	$415,000	18

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,700	$129,700	$126,900	$132,500	16

Twin Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$115,000	$115,000	$115,000	$115,000	2

*DOM = Days On Market

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

39 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold August 10, 2020 To August 16, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1332 Putnam Blvd	TOWN	2	2.1	$210,000	08/10/20	61
101 Ridley Drive	SNG	3	1.0	$275,000	08/12/20	4
1027 Putnam Blvd	TOWN	2	2.1	$209,000	08/14/20	18
1183 Putnam Blvd	TOWN	3	2.1	$245,000	08/14/20	6
408 Sheffield Drive	SNG	4	2.0	$394,900	08/14/20	9
211 Walnut Road	SNG	3	2.0	$268,000	08/14/20	13
AVERAGE				$266,983		19

4 homes sold with a Seller Assist

– 101 Ridley Drive – $4,000

– 1027 Putnam Blvd – $6,000

– 408 Sheffield Drive – $7,898

– 211 Walnut Road  – $8,040

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 33 homes listed for sale in Wallingford PA and Nether Providence Township on August 11, 2020 with an average asking price of $478,321.

While May is typically the month for the most robust homebuying activity, the coronavirus pandemic this year has pushed that peak to August, according to a new realtor.com® report. Current growth in home sales, buyer demand, and housing prices have surpassed year-ago levels.

Realtor.com®’s Housing Market Recovery Index, which measures the progress of the real estate market’s recovery, reached a reading of 103.8 for the week ending Aug. 1, 3.8 points above the pre-COVID-19 baseline. (The index compares current housing data to January 2020 as a baseline for pre-COVID-19 measurements. Any reading above 100 indicates a stronger recovery.)

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Wallingford Market Snapshot – 33 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$478,321	$425,000	$126,900	$1,049,000	41

Single Home Market Snapshot – 24 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$568,704	$4457,500	$235,000	$1,049,000	46

Townhouse Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$291,483	$275,000	$214,000	$415,000	32

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,400	$128,400	$126,900	$129,900	18

Row Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,000	$130,000	$130,000	$130,000	23

*DOM = Days On Market

2 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

42 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold August 3, 2020 To August 9, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
900 Penn Valley Road	SNG	5	2.1	$595,000	08/03/20	100
902 Winding Lane	SNG	4	2.1	$575,000	08/04/20	212
5 Morgan Lane	SNG	4	2.2	$635,000	08/05/20	8
800 Avondale Road #2H	CONDO	1	1.0	$113,500	08/07/20	3
519 Scott Lane	SNG	4	1.1	$415,000	08/07/20	35
AVERAGE				$466,700		72

3 homes sold with a Seller Assist

– 900 Penn Valley Road – $10,000

– 902 Winding Lane – $25,000

– 5 Morgan Lane – $3,800

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 33 homes listed for sale in Wallingford PA and Nether Providence Township on August 4, 2020 with an average asking price of $457,603.

Virtual tools have helped home buyers feel more comfortable shopping online to choose a home and even make an offer, without first stepping inside. The real estate brokerage Redfin says the trend of “sight unseen” offers is reaching record highs.

Redfin reports that 45% of its consumers who purchased a home in the past year made an offer on a property without first seeing it in person. That is up from 28% in 2019 and the highest share since at least 2015, when Redfin first started collecting such data.

Redfin commissioned a survey in May and June of more than 1,400 consumers from across 29 major metros. In a separate survey conducted by realtor.com® in April, shortly after the coronavirus outbreak in the U.S., 24% of 1,300 consumers surveyed said they’d be willing to buy a home without first seeing it in person.

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Wallingford Market Snapshot – 33 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$457,603	$415,000	$126,900	$1,025,000	50

Single Home Market Snapshot – 23 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$553,052	$440,000	$235,000	$1,025,000	61

Townhouse Market Snapshot – 7 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$284,843	$245,000	$214,000	$415,000	28

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$128,400	$128,400	$126,900	$129,900	18

Row Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,000	$130,000	$130,000	$130,000	23

*DOM = Days On Market

5 Wallingford PA homes went under contract 

1 new listing came onto the market 

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

45 homes are Under Contract at this time

7 Wallingford PA homes sold last week

Wallingford Homes Sold July 26, 2020 To August 2, 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
304 Somerset Place	SNG	3	2.1	$339,900	07/27/20	2
110 Stratford Lane	SNG	4	3.1	$620,000	07/28/20	25
905 Twyckenham Road	SNG	5	3.2	$1,040,000	07/30/20	0
616 Creekside Road	SNG	3	2.1	$399,000	07/30/20	50
365 Saybrook Lane	TOWN	3	2.1	$250,000	07/30/20	34
111 Waterville Road	SNG	5	3.1	$535,000	07/30/20	340
102 Dundee Mills Lane	TOWN	3	3.1	$360,000	07/31/20	102
AVERAGE				$506,271		79

4 homes sold with a Seller Assist

– 304 Somerset Place – $1,500

– 110 Stratford Lane – $1,500

– 905 Twyckenham Road – $27,000

– 111 Waterville Road – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 38 homes listed for sale in Wallingford PA and Nether Providence Township on July 28, 2020 with an average asking price of $424,139.

While unemployment remains high and the economy continues to suffer from the COVID-19 pandemic, the housing market is proving resilient. During the second quarter of this year, home sellers netted a median $75,971 profit at resale, up from $66,500 in the first quarter and $65,250 a year earlier, according to research firm ATTOM Data Solutions. The second-quarter figure represents a 36.3% return on investment – the highest level since the Great Recession – and is up from 34.5% in the first quarter and 33.7% a year prior, ATTOM Data Solutions reports.

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Wallingford Market Snapshot – 38 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$424,139	$375,000	$126,900	$1,034,900	46

Single Home Market Snapshot – 26 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$516,908	$439,500	$235,000	$1,034,900	57

Townhouse Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$269,863	$245,000	$165,000	$415,000	25

Condo Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$129,600	$129,900	$126,900	$132,000	19

Row Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$130,000	$130,000	$130,000	$130,000	21

*DOM = Days On Market

7 Wallingford PA homes went under contract 

4 new listings came onto the market 

No listings were withdrawn from the market

1 listing was temporarily taken off the market

No listings expired

51 homes are Under Contract at this time

6 Wallingford PA homes sold last week

Wallingford Homes Sold July 20, 2020 To July 26 2020

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
733 S Providence Road	SNG	3	2.1	$248,000	07/20/20	99
907 Twyckenham Road	SNG	4	3.0	$702,000	07/21/20	6
211 Plush Mill Road	SNG	4	2.2	$485,000	07/22/20	4
32 Mallard Mill Run	TOWN	3	2.1	$314,500	07/22/20	18
221 Engle Drive	SNG	4	3.0	$416,000	07/23/20	5
300 Denis Lane	SNG	3	1.1	$340,000	07/23/20	3
AVERAGE				$417,583		23

2 homes sold with a Seller Assist

– 211 Plush Mill Road – $3,945

– 32 Mallard Mill Run – $1,500

Wallingford PA Real Estate – Wallingford, PA 19086