$7,303 Closing Credit*
$615,000
2,848 SqFt
3 Beds
•2 Full Baths, 1 Partial
Rebecca L Rynkiewicz, Listing Office: Keller Williams Main Line
Is Bensalem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Bensalem has remained a Seller's Market.
Key Takeaway
Bensalem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bensalem, PA
How much do homes in Bensalem, PA cost?
Median Sold Price
$405,750
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,775(+7.9%)
Key Takeaway
Homes in Bensalem have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Bensalem was $405,750 in November 2024, up 7.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | - | N/A |
| 2 Bedrooms | $320K | $365K | +14.1% |
| 3 Bedrooms | $360.5K | $388.7K | +7.8% |
| 4 Bedrooms | $517.5K | $515K | -0.5% |
| 5+ Bedrooms | $515K | $572.8K | +11.2% |
Summary: Bensalem housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Bensalem Township | $382K | $412.7K | +8.0% |
| Bensalem | $375.9K | $405.7K | +7.9% |
| Delanco Township | $320K | $340K | +6.3% |
| Beverly | $279.9K | $290K | +3.6% |
Housing Supply in Bensalem, PA
How many homes are available in Bensalem, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 99 | -14.7% |
Summary: The Bensalem real estate market had 99 homes for sale in November 2024, a 14.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 58 | 49 | -15.5% |
| 4 Bedrooms | 39 | 31 | -20.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Bensalem housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 15.5%, 4 bedroom homes decreased by 20.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 40 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bensalem, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 40 homes were sold or pending in Bensalem in November 2024, the same as the previous month. Of the 40 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Bensalem, PA
How long does it take to sell a home in Bensalem, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -18.8% |
Summary: Homes in Bensalem had an average of 21 days on market in Nov 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bensalem are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in Bensalem; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
