$7,588 Closing Credit*
$639,000
1,968 SqFt
4 Beds
•2 Full Baths, 1 Partial
Monish R Patel, Listing Office: Equity Pennsylvania Real Estate
Is Bensalem, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
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 in Bensalem, PA
How much do homes in Bensalem, PA cost?
Median Sold Price
$400,250
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$25,250(+6.7%)
Key Takeaway
Homes in Bensalem have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Bensalem was $400,250 in September 2024, up 6.7% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $315K | $215K | -31.7% |
| 2 Bedrooms | $311K | $375K | +20.6% |
| 3 Bedrooms | $365K | $380K | +4.1% |
| 4 Bedrooms | $495K | $506.2K | +2.3% |
| 5+ Bedrooms | $515K | $562.5K | +9.2% |
Summary: Bensalem housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.7%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
| Bensalem Township | $380.3K | $407.3K | +7.1% |
| Bensalem | $375K | $400.2K | +6.7% |
| Beverly | $277.5K | $290K | +4.5% |
| Delanco Township | $325.5K | $340K | +4.5% |
Housing Supply in Bensalem, PA
How many homes are available in Bensalem, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 109 | 106 | -2.8% |
Summary: The Bensalem real estate market had 106 homes for sale in September 2024, a 2.8% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 8 | -46.7% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 36 | 32 | -11.1% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Bensalem housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 46.7%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 35 | 26 | -25.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bensalem, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.
Summary: A total of 26 homes were sold or pending in Bensalem in September 2024, down by 25.7% month-over-month. Of the 26 sold homes, 23% were sold under asking, 38% were sold at asking, and 38% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 15 Days | 22 Days | +47.9% |
Summary: Homes in Bensalem had an average of 22 days on market in Sep 2024, up by 47.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bensalem are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 26 homes were sold in Bensalem; 77% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
