NY · Metro #195

Binghamton - NY housing market

The Binghamton metro has a typical home value of $198,435, up 5.6% from a year ago. Homes are moving fast at 11 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$198,435
+5.6% vs. year ago
Median sale price
$207,937
+14.5% YoY
Median list price
$202,750
Sale-to-list ratio
98.5%
Selling below ask
Days on market
11d
Listings w/ price cut
20.7%
New listings / mo
196
+2.1% YoY
Homes for sale
479
+8.9% YoY
Typical rent
$1,313/mo
+6.0% YoY
Context

How to read this data

The typical home value ($198,435) is the Zillow Home Value Index for the Binghamton - NY metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 5.6% over the past year. In Binghamton - NY, that means a home worth $187,912 last year is now worth roughly $198,435.

The median sale price , what homes actually close for , is $207,937. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.

Homes listed in Binghamton - NY sit on the market for roughly 11 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 196 new listings hit the market each month in Binghamton - NY. There are currently 479 homes for sale, up 8.9% from a year ago.

The typical monthly rent in Binghamton - NY is $1,313, up 6.0% year over year. For investors, the price-to-rent ratio here is roughly 13x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in NY

MetroHome value1-yr changeDays on market
New York - NY$727,625 +4.1% 23.0d
Buffalo - NY$288,316 +4.8% 9.0d
Rochester - NY$285,034 +4.7% 8.0d
Albany - NY$370,533 +5.5% 7.0d
Syracuse - NY$264,903 +6.6% 6.0d
Utica - NY$230,265 +8.1% 15.0d
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