Is Bristol Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Bristol Township has remained a Seller's Market.
Key Takeaway
Bristol Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bristol Township, PA
How much do homes in Bristol Township, PA cost?
Median Sold Price
$338,514
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Bristol Township have sold for 7% more than they did a year ago.
Summary: The median home sold price in Bristol Township was $338,514 in June 2024, up 7% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $250K | N/A |
| 2 Bedrooms | $240K | $260K | +8.3% |
| 3 Bedrooms | $301K | $325K | +8.0% |
| 4 Bedrooms | $335K | $363.9K | +8.6% |
| 5+ Bedrooms | $370K | $399.9K | +8.1% |
Summary: Bristol Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Bristol | $279.9K | $316K | +12.9% |
| Bristol Township | $316.4K | $338.5K | +7.0% |
| Burlington | $300K | $313.3K | +4.4% |
| Burlington Township | $343K | $315K | -8.2% |
Housing Supply in Bristol Township, PA
How many homes are available in Bristol Township, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 164 | 158 | -3.7% |
Summary: The Bristol Township real estate market had 158 homes for sale in June 2024, a 3.7% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 14 | +16.7% |
| 3 Bedrooms | 68 | 63 | -7.4% |
| 4 Bedrooms | 62 | 58 | -6.5% |
| 5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Bristol Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 49 | 35 | -28.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bristol Township, you could pay more than the asking price. 54.3% of homes here sold above asking price last month.
Summary: A total of 35 homes were sold or pending in Bristol Township in June 2024, down by 28.6% month-over-month. Of the 35 sold homes, 29% were sold under asking, 17% were sold at asking, and 54% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 19 Days | 14 Days | -22.6% |
Summary: Homes in Bristol Township had an average of 14 days on market in Jun 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bristol Township are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 35 homes were sold in Bristol Township; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
