Wallingford Real Estate

Wallingford PA Real Estate – October 2, 2023 To October 8, 2023

October 10, 2023 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 October 10, 2023 with an average asking price of $494,738.

The 30-year fixed mortgage interest rate now sits at 7.49%, up from 7.31% last week. For buyers who are purchasing the median priced existing-home of $407,100, this is a monthly mortgage payment of $2,275.

As mortgage interest rates continue to sit at a 23-year high, it is striking to consider a home buyer who purchased in January 2021, when rates were 2.65%. The same home buyer who purchased at $400,000 at that time would pay $1,289 a month for a mortgage, compared to a buyer purchasing today paying $2,235 a month. The difference of $946 could be used for utilities, food, commuting expenses, student debt payments, and for many households the sum total of all expenses.

It is hard to imagine a seller making a move today unless they had a compelling reason to, such as a new significantly higher paid job across the country, a divorce or death, or paying in cash for their next home. For all other households, carpools and remodeling may be the alternative solutions.

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*
$494,738	$499,000	$180,000	$1,300,000	36

Single Home Market Snapshot – 11 Listings
*10 – Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$615,073	$500,000	$445,000	$1,300,000	48

Twin Home Market Snapshot – 3 Listings
*2 -Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$403,223	$424,900	$359,900	$424,900	45

Townhouse Market Snapshot – 6 Listings
*4 -Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$369,000	$370,000	$180,000	$550,000	14

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

6 Wallingford PA homes went under contract

5 new listings came onto the market

1 listing was withdrawn from the market

No listings were temporarily taken off the market

No listings expired

18 homes are Under Contract at this time

1 Wallingford PA home sold last week

**Wallingford Homes Sold October 2, 2023 To October 8, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
100 Sycamore Lane	SNG	4	3.1	$1,300,000	10/06/23	17
AVERAGE				$1,300,000		17

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 11, 2023 To October 1, 2023

October 4, 2023 by admin

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

There are 24 homes listed for sale – 18 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on October 4, 2023 with an average asking price of $530,308.

“Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” said Lawrence Yun, NAR chief economist. “Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 24 Listings
*18 – Active 6- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$530,308	$499,000	$180,000	$1,450,000	34

Single Home Market Snapshot – 13 Listings
*11 – Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$680,669	$529,900	$445,000	$1,450,000	38

Twin Home Market Snapshot – 3 Listings
*2 -Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$403,223	$424,900	$359,900	$424,900	41

Townhouse Market Snapshot – 7 Listings
*5 -Active 2 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$352,714	$370,000	$180,000	$550,000	27

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

7 Wallingford PA homes went under contract

9 new listings came onto the market

3 listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

12 homes are Under Contract at this time

8 Wallingford PA homes sold

**Wallingford Homes Sold September 11, 2023 To October 1, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
113 Westminster Drive	SNG	4	3.0	$575,000	09/12/23	5
705 Madison Court	SNG	2	1.0	$190,000	09/13/23	5
800 Avondale Road #3P	CONDO	1	1.0	$170,000	09/15/23	5
12 Oak Knoll Drive	SNG	4	2.1	$645,000	09/15/23	4
609 Ryanard Road	SNG	3	2.0	$370,000	09/21/23	30
905 Heathdale Lane	SNG	4	3.0	$750,000	09/28/23	8
205 Chestnut Parkway	SNG	3	2.0	$283,000	09/29/23	43
6-9 Chestnut Parkway	SNG	6	2.1	$750,000	09/29/23	355
AVERAGE				$466,625		57

Four homes sold with a Seller Assist

– 113 Westminster Drive – $1,500

– 705 Madison Court – $5,500

– 12 Oak Knoll Drive – $5,000

– 609 Ryanard Road – $6,000

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – September 4, 2023 To September 10, 2023

September 12, 2023 by admin

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

There are 23 homes listed for sale – 16 Active listings and 7 Active Under Contract listings – in Wallingford PA and Nether Providence Township on September 12, 2023 with an average asking price of $509,521.

More couples are becoming homeowners before tying the knot. Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of REALTORS®.

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 23 Listings
*16 – Active 7- Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$509,521	$499,000	$200,000	$1,450,000	48

Single Home Market Snapshot – 16 Listings
*11 – Active 5 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$576,205	$537,450	$299,777	$1,450,000	55

Twin Home Market Snapshot – 4 Listings
*4 -Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$388,675	$407,400	$300,000	$439,900	28

Townhouse Market Snapshot – 2 Listings
*1 -Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$372,500	$370,000	$370,000	$375,000	54

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

3 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

13 homes are Under Contract at this time

3 Wallingford PA homes sold last week

**Wallingford Homes Sold September 4, 2023 To September 10, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
527 Washington Avenue	TWIN	3	1.1	$310,000	08/28/23	6
215 Moore Road	SNG	3	1.1	$490,000	08/29/23	6
700 Avondale Road #4B	CONDO	2	2.0	$212,750	08/29/23	18
AVERAGE				$337,583		10

No homes sold with a Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 2023

September 10, 2023 by admin

September – School Is Open!

The average sales price for August 2023 came in at $514,512 representing a 40.3% increase compared to last year. The large jump in average selling price can be attributed to a shift in condo sales. Last year 10 condos sold during August vs just 2 condos sold this August.

The 21 sales were comprised of 12 single family homes, 2 condos, 2 townhomes, and 5 twin homes.

Nine single family homes sold during the month for an average price of $739,813 and averaged 25 days on the market. Last August 10 single family homes sold for an average of $550,556 with just 7 days on the market on average.

The highest selling price for the month was $1,825,000 for 101 E Brookhaven Road.

Seven homes went under contract during the month – 6 single family homes and 1 condo. The average asking price was $385,180 and these listings averaged 10 days on the market.

Upcoming settlements – 9 in September. Very unusual to have so few future settlements on the books.

With 4 months remaining in 2023 there have been 110 transactions this year with an average sales price of $459,772 and 27 days on the market. Last year the total was much higher with 157 transactions average $430,001 and 18 days on the market.

**Wallingford Homes Sold August 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
208 Governors Drive	SNG	3	2.0	$512,500	08/02/23	6
109 Chestnut Parkway	SNG	5	2.2	$536,250	08/03/23	14
617 E Wiltshire Drive	TWIN	3	2.0	$350,000	08/03/23	5
705 Lansing Court	TWIN	2	1.0	$75,000	08/04/23	7
770B Putnam Blvd	CONDO	2	1.0	$197,500	08/07/23	3
306 Rosewood Lane	SNG	4	2.1	$800,000	08/11/23	5
315 Scott Lane	SNG	3	2.0	$418,000	08/14/23	21
511 Moylan Avenue	SNG	5	2.1	$625,000	08/15/23	5
417 New Jersey Avenue	TWIN	3	1.0	$145,000	08/17/23	1
434 Leiper Street	TWIN	3	2.0	$249,500	08/17/23	39
511 W Country Club Lane	SNG	3	2.1	$900,000	08/17/23	18
422 Vernon Street	TWIN	2	1.0	$265,000	08/17/23	97
500 Hastings Avenue	SNG	2	1.0	$311,000	08/17/23	4
202 Ridgewood Road	SNG	3	2.0	$660,000	08/18/23	4
101 E Brookhaven Road	SNG	5	3.1	$1,825,000	08/21/23	198
805 Ridge Lane	SNG	4	3.0	$635,000	08/23/23	9
723 Pennsylvania Avenue	TWIN	3	1.0	$210,000	08/24/23	6
814 Ridge Lane	SNG	4	3.0	$705,000	08/25/23	5
902 Heathdale Lane	SNG	5	2.1	$950,000	08/25/23	6
800 Avondale Road #2P	CONDO	1	1.0	$165,000	08/28/23	9
1362 Putnam Blvd	TOWN	2	2.1	$270,000	08/29/23	1
AVERAGE				$514,512		22

* DOM = Days On Market

2 of 21 homes sold with a Seller Assist:

– 805 Ridge Lane – $15,035

– 1362 Putnam Blvd – $2,500

Financing Methods

– Conventional Mortgage – 13 transactions

– Cash – 7 transactions

– Owner Financing – 1 transaction

**WALLINGFORD SINGLE HOMES – AUGUST 2023 – 12 SALES**
Avg Price	Median Price	Low	High	DOM*
$739,813	$647,500	$311,000	$1,825,000	25

**WALLINGFORD TOWNHOMES – AUGUST 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$240,000	$240,000	$210,000	$270,000	4

**WALLINGFORD CONDOS – AUGUST 2023 – 2 SALES**
Avg Price	Median Price	Low	High	DOM*
$181,250	$181,250	$165,000	$197,500	6

**WALLINGFORD TWIN HOMES – AUGUST 2023 – 5 SALES**
Avg Price	Median Price	Low	High	DOM*
$216,900	$249,500	$75,000	$350,000	30

**WALLINGFORD – AUGUST 2022 VS AUGUST 2023**
	SALES	AVERAGE	DOM*	% ORIG LIST	% LAST LIST
2022	28	$359,707	9	101.0%	101.8%
2023	21	$514,512	22	107.7%	108.5%
	-25.0%	40.3%	144.4%	6.7%	6.7%

Wallingford PA Real Estate – Wallingford, PA 19086

Wallingford PA Real Estate – August 28, 2023 To September 3, 2023

September 5, 2023 by admin

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

There are 16 homes listed for sale – 12 Active listings and 4 Active Under Contract listings – in Wallingford PA and Nether Providence Township on September 5, 2023 with an average asking price of $481,792.

US pending home sales ticked up in July by 0.9%, rising for the second month in a row despite elevated prices and rising mortgage rates, according to a report released Wednesday by the National Association of Realtors

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 16 Listings
*12 – Active 4 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$481,792	$520,900	$200,000	$750,000	62

Single Home Market Snapshot – 12 Listings
*9 – Active 3 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$538,231	$549,900	$299,777	$750,000	67

Twin Home Market Snapshot – 2 Listings
*2 -Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$337,450	$337,450	$300,000	$374,900	45

Townhouse Market Snapshot – 1 Listing
*1 -Active No Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$375,000	$375,000	$375,000	$375,000	95

Condo Market Snapshot – 1 Listing
*No Active 1 – Active Under Contract*
AVERAGE	MEDIAN	LOW	HIGH	DOM*
$200,000	$200,000	$200,000	$200,000	3

No Wallingford PA homes went under contract

1 new listing came onto the market

No listings were withdrawn from the market

No listings were temporarily taken off the market

1 listing expired

12 homes are Under Contract at this time

2 Wallingford PA homes sold last week

**Wallingford Homes Sold August 28, 2023 To September 3, 2023**
ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
800 Avondale Road #2P	CONDO	1	1.0	$165,000	08/28/23	9
1362 Putnam Blvd	TOWN	2	2.1	$270,000	08/29/23	1
AVERAGE				$217,500		5

1362 Putnam Blvd sold with a $2,500 Seller Assist

Wallingford PA Real Estate – Wallingford, PA 19086

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S. Clark Kendus