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

There are 17 homes listed for sale – 8 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 25, 2022 with an average asking price of $412,835.

Homebuyers are grappling with the hottest January on record, as 45% of homes now find a buyer within two weeks on the market. Thirty-five percent go under contract within a week. Both rates are the highest we’ve ever seen for this time of year.

Despite the market’s unprecedented intensity, pending home sales were down 1% during the four weeks ending January 23, the first year-over-year decline since June 2020. The stalling sales are not for a lack of buyers–the Redfin Homebuyer Demand Index was up 9%—but rather a lack of sellers.

“Buyers who have been looking for a home since last year are tired of the search and just want to be done,” said Indianapolis Redfin real estate agent Jill Thompson. “Many sellers seem to be waiting until spring, so the inventory shortage is especially intense right now, leading to a renewed surge of bidding wars and buyers making offers that waive inspection and financing contingencies.”

New listings fell 12%, the largest drop since June 2020, dragging the total number of homes for sale to another new low. Homeowners who are on the market appear to be feeling quite confident; the median asking price climbed 13% to $360,281, just shy of October’s all-time high.

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Wallingford Market Snapshot – 17 Listings
8 – Active    9 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,835	$399,900	$149,900	$599,000	37

Single Home Market Snapshot – 10 Listings
4 – Active    8 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$476,240	$524,950	$259,000	$599,000	40

Twin Home Market Snapshot – 1 Listing
1 – Active    No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$239,999	$239,999	$239,999	$239,999	21

Townhouse Market Snapshot – 4 Listings
2 – Active    2 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$311,633	$299,900	$285,000	$535,000	17

Condo Market Snapshot – 1 Listing
No Active    1 – Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$165,000	$165,000	$165,000	$165,000	8

Row Home Market Snapshot – 1 Listing
1 – Active    No Active Under Contract

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$160,000	$160,000	$160,000	$160,000	1

13 Wallingford PA homes went under contract 

5 new listings came onto the market 

2 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 last week

Wallingford Homes Sold January 10, 2021 To January 23, 2022

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1057 Putnam Blvd	TOWN	2	2.1	$165,000	01/18/22	5
308 Dogwood Lane	SNG	5	3.2	$650,000	01/21/22	89
AVERAGE				$407,500		47

Neither home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 17 homes listed for sale – 8 Active listings and 9 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 25, 2022 with an average asking price of $412,835.

Builder confidence has remained steady over the past few months, but continuing supply chain issues and inflation concerns are hampering it.

According to the National Association of Home Builders, the cost of building materials (excluding energy) rose 1.5% in December. The report found that the cost of building materials rose 15.9% in 2021 and have increased 18.6% since December 2020. Specifically, softwood lumber grew 24.4% in December and is up 44.5% since September. Between 1947 and 2019, the monthly change in softwood lumber averaged 0.3%. Comparatively, the percent change has averaged 12% change since January 2020, a 75-year high. Prices for steel increased only 0.2% in December, the smallest monthly increase since September, showing a steady slowdown for the cost. However, 2021 saw more than an 80% increase in cost.

View all Nether Providence Twp Homes For Sale

View all Homes Listed In The Last 7 Days

Wallingford Market Snapshot – 17 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$412,835	$399,900	$149,900	$599,000	37

Single Home Market Snapshot – 11 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$452,870	$445,000	$235,000	$979,000	68

Twin Home Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$239,999	$239,999	$239,999	$239,999	21

Townhouse Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$311,633	$299,900	$285,000	$535,000	17

Condo Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$157,450	$157,450	$149,900	$165,000	7

13 Wallingford PA homes went under contract 

5 new listings came onto the market 

2 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 January 10, 2021 To January 23, 2022

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
1057 Putnam Blvd	TOWN	2	2.1	$165,000	01/18/22	5
308 Dogwood Lane	SNG	5	3.2	$650,000	01/21/22	89
AVERAGE				$407,500		47

Neither home sold with a Seller Assist:

Wallingford PA Real Estate – Wallingford, PA 19086

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

There are 16 homes listed for sale – 10 Active listings and 6 Active Under Contract listings – in Wallingford PA and Nether Providence Township on January 11, 2022 with an average asking price of $380,631.

According to ATTOM Data Solutions, median single-priced family homes are less affordable compared to historic averages in 77% of counties across the U.S. This is an increase of 38% year over year, an increase of just over 2% from the previous quarter and the highest point since 2008. Comparing the amount of income a homeowner would need to be able to afford a mortgage, property taxes and insurance on a median-priced single-family home if they put down 20%, to the weekly salary in the area, the report found that median homes in 440 out of 575 counties are less affordable than past averages. Reaching an all-time high, the median national home price has risen 17% to $317,500.

As home prices rise faster than wages, homeowners are spending more of their paychecks on their mortgages and other associated costs. In the fourth quarter, the average consumer earning the national median wage of $65,546 was spending 25.2% of their paycheck on housing costs, an increase of 0.8% from the third quarter and up 3.7% year over year, but still below the threshold of 28% that many lenders abide by. About half (51%) of counties analyzed fall under that 28% line.

View all Nether Providence Twp Homes For Sale

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Wallingford Market Snapshot – 16 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$380,631	$399,900	$165,000	$679,000	53

Single Home Market Snapshot – 10 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$452,870	$445,000	$235,000	$979,000	68

Twin Home Market Snapshot – 3 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$196,666	$179,999	$169,999	$239,999	37

Townhouse Market Snapshot – 2 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$403,200	$403,200	$285,000	$521,400	24

Condo Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$165,000	$165,000	$165,000	$165,000	2

1 Wallingford PA home went under contract 

No new listings came onto the market 

No listings were withdrawn from the market

No listings were temporarily taken off the market

No listings expired

31 homes are Under Contract at this time

5 Wallingford PA home sold last week

Wallingford Homes Sold January 3, 2021 To January 9, 2022

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
765 Pennsylvania Avenue	ROW	3	1.0	$141,000	01/04/22	7
212 Maple Road	SNG	4	3.1	$355,000	01/04/22	25
211 Canterbury Drive	SNG	4	2.1	$440,000	01/05/22	7
111 W Possum Hollow Road	SNG	5	3.1	$525,000	01/05/22	34
802 Harvey Road	SNG	5	3.1	$725,000	01/06/22	66
AVERAGE				$437,200		28

2 homes sold with a Seller Assist:

– 212 Maple Road – $11,000

– 211 Canterbury Drive – $3,000

Wallingford PA Real Estate – Wallingford, PA 19086