Is Bensalem Township, 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 Township was a Seller's Market.
Housing Prices in Bensalem Township, PA
How much do homes in Bensalem Township, PA cost?
Median Sold Price
$390,500
$229/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bensalem Township was $390,500 in March 2024, up 7.4% from last year, and the median price per square foot was $229.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $305K | $317.5K | +4.1% |
2 Bedrooms | $282.5K | $325K | +15.0% |
3 Bedrooms | $350K | $370K | +5.7% |
4 Bedrooms | $493K | $506K | +2.6% |
5+ Bedrooms | $515K | $562.5K | +9.2% |
Summary: Bensalem Township 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 15%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 9.2%.
Median Sold Price Compared To Nearby Cities
Beverly | $248.7K | $295K | +18.6% |
Bensalem Township | $363.5K | $390.5K | +7.4% |
Bensalem | $362K | $385K | +6.4% |
Lower Southampton Township | $417.5K | $440K | +5.4% |
Housing Supply in Bensalem Township, PA
How many homes are available in Bensalem Township, PA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
123 | 133 | +8.1% |
Summary: The Bensalem Township real estate market had 133 homes for sale in March 2024, a 8.1% 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 | 15 | 18 | +20.0% |
3 Bedrooms | 54 | 62 | +14.8% |
4 Bedrooms | 46 | 43 | -6.5% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Bensalem Township 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 20%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 17 | -19.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Bensalem Township in March 2024, down by 19.0% month-over-month. Of the 17 sold homes, 41% were sold under asking, 18% were sold at asking, and 41% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 16 Days | -51.0% |
Summary: Homes in Bensalem Township had an average of 16 days on market in Mar 2024, down by 51% compared to last year.
Breakdown of Home Sale Times
14 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, 17 homes were sold in Bensalem Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.