$3,919 Closing Credit*
$330,000
1,800 SqFt
3 Beds
•2 Full Baths, 1 Partial
Bonnie E Frain, Listing Office: Keller Williams Real Estate - Newtown
Is Bensalem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$405,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+8.0%)
Key Takeaway
Homes in Bensalem have sold for 8% more than they did a year ago.
Summary: The median home sold price in Bensalem was $405,000 in October 2024, up 8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $215K | -31.7% |
| 2 Bedrooms | $315K | $365K | +15.9% |
| 3 Bedrooms | $362K | $385.5K | +6.5% |
| 4 Bedrooms | $506K | $511.2K | +1.0% |
| 5+ Bedrooms | $515K | $572.8K | +11.2% |
Summary: Bensalem housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Bensalem | $375K | $405K | +8.0% |
| Bensalem Township | $380K | $410K | +7.9% |
| Beverly | $269.5K | $290K | +7.6% |
| Delanco Township | $326.7K | $342K | +4.7% |
Housing Supply in Bensalem, PA
How many homes are available in Bensalem, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 116 | +3.6% |
Summary: The Bensalem real estate market had 116 homes for sale in October 2024, a 3.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 17 | +54.5% |
| 3 Bedrooms | 59 | 58 | -1.7% |
| 4 Bedrooms | 35 | 36 | +2.9% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Bensalem housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 54.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 37 | +32.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bensalem, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Bensalem in October 2024, up by 32.1% month-over-month. Of the 37 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 19 Days | +41.9% |
Summary: Homes in Bensalem had an average of 19 days on market in Oct 2024, up by 41.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bensalem are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 37 homes were sold in Bensalem; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
