The housing market in Wallington continues to see strong price appreciation, with values up 32.1% compared to last year. The median home price of $710,000 represents a substantial 32.1% increase from this time last year. With 11 active listings, inventory is 83% higher than seasonal norms. Homes are now taking an average of 54 days to sell, significantly longer than the 16 days typical for this market. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Approximately 40.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Wallington market with the affordability index at 297.0. Based on current market indicators, home prices in Wallington are projected to decrease by approximately 6.4% over the next month.
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