Is Bristol, 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, Bristol has remained a Seller's Market.
Key Takeaway
Bristol is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol, PA
How much do homes in Bristol, PA cost?
Median Sold Price
$315,000
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bristol have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Bristol was $315,000 in May 2024, up 14.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $249.9K | $269.2K | +7.7% |
| 3 Bedrooms | $275K | $322K | +17.1% |
| 4 Bedrooms | $335K | $345K | +3.0% |
| 5+ Bedrooms | $155K | $350.5K | +126.1% |
Summary: Bristol housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 126.1%.
Median Sold Price Compared To Nearby Cities
| Bristol | $275K | $315K | +14.5% |
| Burlington | $294.2K | $315.3K | +7.2% |
| Bristol Township | $317.9K | $334.4K | +5.2% |
| Burlington Township | $349K | $315.5K | -9.6% |
Housing Supply in Bristol, PA
How many homes are available in Bristol, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 55 | +27.9% |
Summary: The Bristol real estate market had 55 homes for sale in May 2024, a 27.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 25 | 29 | +16.0% |
| 4 Bedrooms | 8 | 11 | +37.5% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Bristol 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 14.3%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Bristol in May 2024, up by 83.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Bristol, PA
How long does it take to sell a home in Bristol, PA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 26 Days | +62.2% |
Summary: Homes in Bristol had an average of 26 days on market in May 2024, up by 62.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bristol are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Bristol; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
