Is Bingham Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bingham Township is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Bingham 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 Bingham Township, NC

How much do homes in Bingham Township, NC cost?

Median Sold Price

$542,500

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$39,000(+7.7%)

Key Takeaway

Homes in Bingham Township have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Bingham Township was $542,500 in September 2024, up 7.7% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $278.5K$340K
+22.1%
3 $472.5K$545K
+15.3%
4 $858.5K$797.5K
-7.1%
5+ $4.9M-
N/A

Summary: Bingham Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Bingham Township
+7.7%
Chapel Hill Township
+3.2%
Baldwin Township
+3.0%
Cheeks Township
-2.5%
Efland
-16.5%

Housing Supply in Bingham Township, NC

How many homes are available in Bingham Township, NC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2125+19.0%

Summary: The Bingham Township real estate market had 25 homes for sale in September 2024, a 19.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 1518
+20.0%
4 33
0.0%
5+ 11
0.0%

Summary: The Bingham Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bingham Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Bingham Township in September 2024, the same as the previous month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% 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

Sep 2023Sep 2024CHANGE
58 Days3 Days-94.0%

Summary: Homes in Bingham Township had an average of 3 days on market in Sep 2024, down by 94% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 4 homes were sold in Bingham Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Bingham Township, NC

Nearby Markets to Bingham Township, NC

What housing markets are near Bingham Township, NC?