Is Bingham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bingham Township has remained a Seller's Market.
Housing Prices in Bingham Township, NC
How much do homes in Bingham Township, NC cost?
Median Sold Price
$540,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bingham Township was $540,000 in May 2024, up 23.4% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | - | N/A |
2 Bedrooms | $280K | $303.7K | +8.5% |
3 Bedrooms | $420K | $517.5K | +23.2% |
4 Bedrooms | $725K | $850K | +17.2% |
5+ Bedrooms | $782.5K | $4.9M | +535.8% |
Summary: Bingham Township housing prices by bedroom type for May 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 23.2%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 535.8%.
Median Sold Price Compared To Nearby Cities
Bingham Township | $437.5K | $540K | +23.4% |
Chapel Hill Township | $607.5K | $641.5K | +5.6% |
Baldwin Township | $600.8K | $625K | +4.0% |
Cheeks Township | $375.1K | $375K | 0% |
Efland | $402.5K | $400K | -0.6% |
Housing Supply in Bingham Township, NC
How many homes are available in Bingham Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 24 | +9.1% |
Summary: The Bingham Township real estate market had 24 homes for sale in May 2024, a 9.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 13 | 16 | +23.1% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Bingham Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 23.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bingham Township in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Bingham Township, NC
How long does it take to sell a home in Bingham Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 13 Days | -55.5% |
Summary: Homes in Bingham Township had an average of 13 days on market in May 2024, down by 55.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Bingham Township; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.