Is Bristol 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, Bristol Township has remained a Seller's Market.
Housing Prices in Bristol Township, PA
How much do homes in Bristol Township, PA cost?
Median Sold Price
$334,437
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bristol Township was $334,437 in May 2024, up 5.2% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $250K | N/A |
2 Bedrooms | $245.2K | $260K | +6.0% |
3 Bedrooms | $301K | $321.7K | +6.9% |
4 Bedrooms | $335K | $360K | +7.5% |
5+ Bedrooms | $360K | $399.9K | +11.1% |
Summary: Bristol Township 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 6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 11.1%.
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 Township, PA
How many homes are available in Bristol Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
155 | 167 | +7.7% |
Summary: The Bristol Township real estate market had 167 homes for sale in May 2024, a 7.7% 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 | 14 | 11 | -21.4% |
3 Bedrooms | 65 | 69 | +6.2% |
4 Bedrooms | 57 | 64 | +12.3% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Bristol 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 decreased by 21.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 30 | -30.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Bristol Township in May 2024, down by 30.2% month-over-month. Of the 30 sold homes, 17% were sold under asking, 20% were sold at asking, and 63% were sold over asking.
Days on Market for Bristol Township, PA
How long does it take to sell a home in Bristol Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 21 Days | +22.0% |
Summary: Homes in Bristol Township had an average of 21 days on market in May 2024, up by 22% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Bristol Township; 83% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.