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

Housing Market Conditions



Gauge showing Bensalem Township is a seller's market


Difference Since November 2022

Since last year, Bensalem Township has remained a Seller's Market.

Key Takeaway

Bensalem Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Bensalem Township, PA

How much do homes in Bensalem Township, PA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Bensalem Township have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Bensalem Township was $380,300 in November 2023, up 7.6% from last year, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $86K$310K
2 $245K$315K
3 $345K$365K
4 $493K$514K
5+ $615K$500K

Summary: Bensalem Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 260.5%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 18.7%.

Median Sold Price Compared To Nearby Cities

Bensalem Township
Lower Southampton Township

Housing Supply in Bensalem Township, PA

How many homes are available in Bensalem Township, PA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Bensalem Township real estate market had 120 homes for sale in November 2023, a 18.9% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 11
2 149
3 7863
4 4441
5+ 116

Summary: The Bensalem Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes decreased by 45.5%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bensalem Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in Bensalem Township in November 2023, down by 20.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% 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

Nov 2022Nov 2023CHANGE
29 Days23 Days-20.5%

Summary: Homes in Bensalem Township had an average of 23 days on market in Nov 2023, down by 20.5% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 32 homes were sold in Bensalem Township; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% 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 7 Days Ago

Newest Listings in Bensalem Township, PA

Nearby Markets to Bensalem Township, PA

What housing markets are near Bensalem Township, PA?