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

There are 62 homes listed for sale in Wallingford PA and Nether Providence Township on July 9, 2019 with an average asking price of $464,600.

Commute time is an important factor to buyers when they’re deciding on a home to purchase. Eighty-five percent of buyers say they would sacrifice other home features, such as lot size, square footage, and home style, in order to shorten their commute to work, according to a survey of more than 600 realtor.com® users. Forty percent say they are looking to reduce their commute time by up to 45 minutes.

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Wallingford Market Snapshot – 62 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$464,600	$419,950	$104,000	$999,000	79

Single Home Market Snapshot – 49 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$533,012	$485,000	$129,900	$999,000	80

Townhouse Market Snapshot – 5 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$314,580	$319,000	$275,000	$350,000	128

Condo Market Snapshot – 6 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$120,967	$121,750	$104,000	$135,900	50

Twin Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$240,000	$240,000	$240,000	$240,000	20

Row Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$148,900	$148,900	$148,900	$148,900	19

*DOM = Days On Market

5 Wallingford PA homes went under contract

1 new listing came onto the market

1 listing expired

2 listings were withdrawn from the market

33 homes are Under Contract at this time

2 Wallingford PA homes sold last week

Wallingford Homes Sold July 1, 2019 To July 7, 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
204 Martroy Lane	SNG	4	2.1	$481,000	07/01/19	19
202 Woodcrest Road	SNG	3	1.1	$374,000	07/02/19	7
AVERAGE				$427,500		13

204 Martroy Lane sold with a $10,000 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 62 homes listed for sale in Wallingford PA and Nether Providence Township on July 2, 2019 with an average asking price of $459,565.

For the seventh time in the last nine weeks, the 30-year fixed-rate mortgage dropped, reaching the lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey.

Freddie Mac reports the following national averages with mortgage rates for the week ending June 27:

• 30-year fixed-rate mortgages: averaged 3.73%, with an average 0.5 point, falling from last week’s 3.84% average. Last year at this time, 30-year rates averaged 4.55%
• 15-year fixed-rate mortgages: averaged 3.16%, with an average 0.5 point, falling from last week’s 3.25% average. A year ago, 15-year rates averaged 4.04%.
• 5-year hybrid adjustable-rate mortgages: averaged 3.39%, with an average 0.4 point, falling from last week’s 3.48% average. A year ago, 5-year ARMs averaged 3.87%.

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Wallingford Market Snapshot – 62 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$459,565	$419,950	$104,000	$999,000	74

Single Home Market Snapshot – 50 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$522,489	$480,000	$129,900	$999,000	74

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,475	$314,450	$275,000	$350,000	152

Condo Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$125,713	$129,950	$104,000	$145,900	55

Twin Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$240,000	$240,000	$240,000	$240,000	13

Row Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$148,000	$148,000	$148,000	$148,900	12

*DOM = Days On Market

5 Wallingford PA homes went under contract

4 new listings came onto the market

No listings expired

2 listing were withdrawn from the market

31 homes are Under Contract at this time

11 Wallingford PA homes sold last week

Wallingford Homes Sold June 24, 2019 To June 30 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
6 Gearys Lane	SNG	4	4.0	$485,000	06/24/19	16
36 Brookside Road	SNG	5	5.1	$825,000	06/25/19	3
107 Blakeley Road	TWIN	3	2.0	$208,900	06/25/19	33
412 Hawthorne Road	SNG	3	2.0	$425,000	06/26/19	32
405 Blakeley Road	SNG	3	2.0	$231,000	06/26/19	7
309 Scott Lane	SNG	4	1.1	$260,000	06/27/19	3
700 Avondale Road PH5	CONDO	1	1.0	$112,500	06/27/19	75
803 Springhaven Drive	SNG	4	3.1	$660,000	06/27/19	6
5 Green Valley Road	SNG	3	2.0	$415,000	06/27/19	21
26 Furness Lane	SNG	4	3.0	$600,000	06/28/19	51
205 Walnut Road	SNG	3	2.1	$288,000	06/28/19	77
AVERAGE				$410,036		29

3 homes sold with a  Seller Assist

– 6 Gearys Lane – $4,000

– 36 Brookside Road – $745

– 5 Green Valley Road – $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 69 homes listed for sale in Wallingford PA and Nether Providence Township on June 25, 2019 with an average asking price of $456,420.

The number of people forming households is back from post-recession lows, but economists are alarmed because housing production is failing to keep up. That shortfall is putting pressure on home prices and rents, which is jeopardizing affordability for modest-income households in markets across the country, according to The State of the Nation’s Housing 2019 report, released on Tuesday from the Harvard Joint Center for Housing Studies.

The number of homeowners has risen significantly over the past few years, buoyed mostly by a growth in baby boomer and millennial households, the report notes. On the other hand, the number of renter households has fallen for the second consecutive year. The renter household is continuing to drop, following 12 preceding years of growth.

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Wallingford Market Snapshot – 69 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$456,420	$445,500	$104,000	$999,000	74

Single Home Market Snapshot – 55 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$524,225	$494,900	$129,900	$999,000	75

Townhouse Market Snapshot – 4 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$313,475	$314,450	$275,000	$350,000	145

Condo Market Snapshot – 8 Listings

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$125,713	$129,950	$104,000	$145,900	55

Twin Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$240,000	$240,000	$240,000	$240,000	6

Row Market Snapshot – 1 Listing

AVERAGE	MEDIAN	LOW	HIGH	DOM*
$148,900	$148,900	$148,900	$148,900	5

*DOM = Days On Market

5 Wallingford PA homes went under contract

6 new listings came onto the market

1 listing expired

1 listing was withdrawn from the market

34 homes are Under Contract at this time

5 Wallingford PA homes sold last week

Wallingford Homes Sold June 17, 2019 To June 23, 2019

ADDRESS	TYPE	BED	BATH	PRICE	SETTLED	DOM*
203 Elm Road	SNG	3	1.0	$165,000	06/19/19	236
25 Willow Road	SNG	3	2.1	$273,000	06/20/19	64
7 Chestnut Parkway	SNG	3	1.0	$222,500	06/20/19	30
709 Kincaid Mills Lane	TOWN	4	3.1	$440,000	06/20/19	16
6 Sharpless Lane	SNG	4	2.1	$365,000	06/21/19	13
AVERAGE				$293,100		72

2 homes sold with a  Seller Assist

– 7 Chestnut Parkway – $2,250

– 709 Kincaid Mills Lane – $5,000

Wallingford PA Real Estate – Wallingford, PA 19086