Is Bensalem, PA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Bensalem is a seller's market


Difference Since August 2022

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

How much do homes in Bensalem, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Bensalem have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Bensalem was $379,250 in August 2023, up 12.7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $138K$310K
2 $255K$300K
3 $331K$369.5K
4 $447.7K$500K
5+ $537.5K$515K

Summary: Bensalem housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 124.6%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Cities

Bensalem Township
Delanco Township

Housing Supply

How many homes are available in Bensalem, PA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Bensalem real estate market had 113 homes for sale in August 2023, a 8.9% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 97
3 7364
4 3836
5+ 46

Summary: The Bensalem housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bensalem, you could pay more than the asking price. 46.4% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Bensalem in August 2023, down by 24.3% month-over-month. Of the 28 sold homes, 25% were sold under asking, 29% were sold at asking, and 46% were sold over asking.

Days on Market

How long does it take to sell a home in Bensalem, PA?

Average Sale Time

Aug 2022Aug 2023CHANGE
14 Days12 Days-17.1%

Summary: Homes in Bensalem had an average of 12 days on market in Aug 2023, down by 17.1% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bensalem are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 28 homes were sold in Bensalem; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings

Nearby Markets

What housing markets are near Bensalem, PA?