NY · Metro #195

Binghamton - NY housing market

The Binghamton metro has a typical home value of $193,399, up 5.3% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$193,399
+5.3% vs. year ago
Median sale price
$203,614
+12.6% YoY
Median list price
$199,416
Sale-to-list ratio
98.2%
Selling below ask
Days on market
15d
Listings w/ price cut
19.3%
New listings / mo
163
+0.6% YoY
Homes for sale
438
+6.8% YoY
Typical rent
$1,291/mo
+10.8% YoY
Context

How to read this data

The typical home value ($193,399) 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 5.3% over the past year. In Binghamton - NY, that means a home worth $183,665 last year is now worth roughly $193,399.

The median sale price , what homes actually close for , is $203,614. Homes are selling at 98.2% of list price, meaning buyers have room to negotiate.

Homes listed in Binghamton - NY sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 163 new listings hit the market each month in Binghamton - NY. There are currently 438 homes for sale, up 6.8% from a year ago.

The typical monthly rent in Binghamton - NY is $1,291, up 10.8% year over year. For investors, the price-to-rent ratio here is roughly 12x 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$718,397 +4.1% 26.0d
Buffalo - NY$282,896 +4.6% 11.0d
Rochester - NY$278,388 +4.3% 8.0d
Albany - NY$364,241 +5.1% 8.0d
Syracuse - NY$258,827 +6.3% 7.0d
Utica - NY$223,525 +7.9% 26.0d
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