Is Bensalem Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bensalem Township was $395,000 in April 2024, up 6.8% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $317.5K | +4.1% |
2 Bedrooms | $285K | $322.5K | +13.2% |
3 Bedrooms | $355K | $369.5K | +4.1% |
4 Bedrooms | $500K | $499.4K | -0.1% |
5+ Bedrooms | $515K | $580K | +12.6% |
Summary: Bensalem Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 12.6%.
Median Sold Price Compared To Nearby Cities
Beverly | $245K | $290K | +18.4% |
Bensalem Township | $370K | $395K | +6.8% |
Lower Southampton Township | $420K | $447.5K | +6.5% |
Bensalem | $365K | $385.1K | +5.5% |
Housing Supply in Bensalem Township, PA
How many homes are available in Bensalem Township, PA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
91 | 102 | +12.1% |
Summary: The Bensalem Township real estate market had 102 homes for sale in April 2024, a 12.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 44 | 51 | +15.9% |
4 Bedrooms | 29 | 27 | -6.9% |
5+ Bedrooms | 6 | 11 | +83.3% |
Summary: The Bensalem Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 15.9%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 83.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 31 | +40.9% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Bensalem Township in April 2024, up by 40.9% month-over-month. Of the 31 sold homes, 35% were sold under asking, 6% were sold at asking, and 58% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 9 Days | -52.8% |
Summary: Homes in Bensalem Township had an average of 9 days on market in Apr 2024, down by 52.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 31 homes were sold in Bensalem Township; 94% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.