Is Bensalem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Bensalem was a Seller's Market.
Housing Prices in Bensalem, PA
How much do homes in Bensalem, PA cost?
Median Sold Price
$385,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bensalem was $385,000 in March 2024, up 6.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $317.5K | +4.1% |
2 Bedrooms | $280K | $325K | +16.1% |
3 Bedrooms | $350K | $365K | +4.3% |
4 Bedrooms | $500K | $513K | +2.6% |
5+ Bedrooms | $615K | $570K | -7.3% |
Summary: Bensalem housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
Beverly | $248.7K | $295K | +18.6% |
Delanco Township | $302.5K | $326K | +7.8% |
Bensalem Township | $363.5K | $390.5K | +7.4% |
Bensalem | $362K | $385K | +6.4% |
Housing Supply in Bensalem, PA
How many homes are available in Bensalem, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
107 | 120 | +12.1% |
Summary: The Bensalem real estate market had 120 homes for sale in March 2024, a 12.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 47 | 57 | +21.3% |
4 Bedrooms | 40 | 39 | -2.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Bensalem housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 21.3%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Bensalem in March 2024, the same as the previous month. Of the 16 sold homes, 38% were sold under asking, 19% were sold at asking, and 44% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
39 Days | 16 Days | -58.1% |
Summary: Homes in Bensalem had an average of 16 days on market in Mar 2024, down by 58.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Bensalem; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.