$1,484 Closing Credit*
$125,000
1,245 SqFt
2 Beds
•1 Full Bath
Victoria Knight McKee, Listing Office: Re/MaxDiamond Realty
Is Bingham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278.5K | $340K | +22.1% |
| 3 Bedrooms | $472.5K | $545K | +15.3% |
| 4 Bedrooms | $858.5K | $797.5K | -7.1% |
| 5+ Bedrooms | $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 | $503.5K | $542.5K | +7.7% |
| Chapel Hill Township | $629.7K | $649.9K | +3.2% |
| Baldwin Township | $606.5K | $625K | +3.0% |
| Cheeks Township | $379.6K | $369.9K | -2.5% |
| Efland | $503.2K | $420K | -16.5% |
Housing Supply in Bingham Township, NC
How many homes are available in Bingham Township, NC?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 21 | 25 | +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
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
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 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 58 Days | 3 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
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.
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