Is Binghampton / Lester, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Binghampton / Lester was a Buyer's Market.
Key Takeaway
Binghampton / Lester 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 Binghampton / Lester, TN
How much do homes in Binghampton / Lester, TN cost?
Median Sold Price
$118,900
-
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Binghampton / Lester have sold for 32.2% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $216.7K | $89.4K | -58.7% |
| 3 Bedrooms | $108.7K | $98.2K | -9.7% |
| 4 Bedrooms | - | $190K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Binghampton / Lester housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 58.7%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Chickasaw Country Club | $185K | $192.5K | +4.1% |
| Hein Park | $564K | $500K | -11.3% |
| Binghampton / Lester | $175.2K | $118.9K | -32.2% |
Housing Supply in Binghampton / Lester, TN
How many homes are available in Binghampton / Lester, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 70 | +25.0% |
Summary: The Binghampton / Lester real estate market had 70 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Binghampton / Lester housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Binghampton / Lester, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Binghampton / Lester in April 2024, up by 83.3% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.
Days on Market for Binghampton / Lester, TN
We’re sorry, we don't have information for this market at the moment
