Is Bensalem Township, 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, Bensalem Township has remained a Seller's Market.
Housing Prices in Bensalem Township, PA
How much do homes in Bensalem Township, PA cost?
Median Sold Price
$395,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bensalem Township was $395,000 in May 2024, up 4.2% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $317.5K | +2.4% |
2 Bedrooms | $285K | $335K | +17.5% |
3 Bedrooms | $367.5K | $369.5K | 0.5% |
4 Bedrooms | $500K | $499.4K | -0.1% |
5+ Bedrooms | $515K | $575K | +11.7% |
Summary: Bensalem Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Beverly | $245K | $296K | +20.8% |
Bensalem Township | $379K | $395K | +4.2% |
Lower Southampton Township | $425K | $440K | +3.5% |
Bensalem | $375K | $386.5K | +3.1% |
Housing Supply in Bensalem Township, PA
How many homes are available in Bensalem Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 124 | +12.7% |
Summary: The Bensalem Township real estate market had 124 homes for sale in May 2024, a 12.7% 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 | 14 | 17 | +21.4% |
3 Bedrooms | 53 | 64 | +20.8% |
4 Bedrooms | 32 | 36 | +12.5% |
5+ Bedrooms | 11 | 7 | -36.4% |
Summary: The Bensalem Township 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 increased by 21.4%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 36.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
31 | 26 | -16.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Bensalem Township in May 2024, down by 16.1% month-over-month. Of the 26 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% were sold over asking.
Days on Market for Bensalem Township, PA
How long does it take to sell a home in Bensalem Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 11 Days | -39.4% |
Summary: Homes in Bensalem Township had an average of 11 days on market in May 2024, down by 39.4% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Bensalem Township; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.