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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bristol Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Bristol Township was a Seller's Market.

Key Takeaway

Bristol Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Bristol Township, PA

How much do homes in Bristol Township, PA cost?

Median Sold Price

$326,873

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,873(+3.8%)

Key Takeaway

Homes in Bristol Township have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Bristol Township was $326,873 in February 2024, up 3.8% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$250K
N/A
2 $235K$255K
+8.5%
3 $301.2K$316K
+4.9%
4 $335K$355K
+6.0%
5+ $370K$387.5K
+4.7%

Summary: Bristol Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Bristol
+12.0%
Burlington
+3.9%
Bristol Township
+3.8%
Burlington Township
-10.4%

Housing Supply in Bristol Township, PA

How many homes are available in Bristol Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
203188-7.4%

Summary: The Bristol Township real estate market had 188 homes for sale in February 2024, a 7.4% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1813
-27.8%
3 7873
-6.4%
4 7580
+6.7%
5+ 3222
-31.3%

Summary: The Bristol Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 27.8%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 31.3%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4229-31.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bristol Township, you could pay more than the asking price. 44.8% of homes here sold above asking price last month.

Summary: A total of 29 homes were sold or pending in Bristol Township in February 2024, down by 31.0% month-over-month. Of the 29 sold homes, 14% were sold under asking, 41% were sold at asking, and 45% were sold over asking.

Days on Market for Bristol Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
42 Days33 Days-21.3%

Summary: Homes in Bristol Township had an average of 33 days on market in Feb 2024, down by 21.3% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 29 homes were sold in Bristol Township; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% 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 1 Day Ago

Newest Listings in Bristol Township, PA

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