Is Wallingford, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Wallingford has remained a Seller's Market.
Key Takeaway
Wallingford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wallingford, PA
How much do homes in Wallingford, PA cost?
Median Sold Price
$450,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Wallingford have sold for 35.3% more than they did a year ago.
Summary: The median home sold price in Wallingford was $450,000 in May 2024, up 35.3% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $143K | $168K | +17.5% |
| 2 Bedrooms | $194.7K | $219.8K | +12.9% |
| 3 Bedrooms | $320K | $382.6K | +19.6% |
| 4 Bedrooms | $650K | $580K | -10.8% |
| 5+ Bedrooms | $690K | $767.5K | +11.2% |
Summary: Wallingford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.5%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Wallingford | $332.5K | $450K | +35.3% |
| Nether Providence Township | $382.5K | $450K | +17.6% |
| Brookhaven | $249.9K | $263K | +5.2% |
| Rose Valley | $777.5K | $809K | +4.1% |
| Swarthmore | $497.5K | $382.5K | -23.1% |
Housing Supply in Wallingford, PA
How many homes are available in Wallingford, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 37 | +19.4% |
Summary: The Wallingford real estate market had 37 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 8 | 13 | +62.5% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Wallingford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 62.5%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wallingford, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Wallingford in May 2024, up by 14.3% month-over-month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Wallingford, PA
How long does it take to sell a home in Wallingford, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 44 Days | 18 Days | -59.1% |
Summary: Homes in Wallingford had an average of 18 days on market in May 2024, down by 59.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wallingford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Wallingford; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
