Is Bensalem Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$380,300
$231/sqft
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $86K | $310K | +260.5% |
| 2 Bedrooms | $245K | $315K | +28.6% |
| 3 Bedrooms | $345K | $365K | +5.8% |
| 4 Bedrooms | $493K | $514K | +4.3% |
| 5+ Bedrooms | $615K | $500K | -18.7% |
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
| Beverly | $249.5K | $279.9K | +12.2% |
| Bensalem Township | $353.5K | $380.3K | +7.6% |
| Bensalem | $351K | $375.1K | +6.9% |
| Lower Southampton Township | $415K | $432.5K | +4.2% |
Housing Supply in Bensalem Township, PA
How many homes are available in Bensalem Township, PA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 148 | 120 | -18.9% |
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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 9 | -35.7% |
| 3 Bedrooms | 78 | 63 | -19.2% |
| 4 Bedrooms | 44 | 41 | -6.8% |
| 5+ Bedrooms | 11 | 6 | -45.5% |
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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 40 | 32 | -20.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 29 Days | 23 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
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.
