Is Bingham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Bingham Township was a Seller's Market.
Housing Prices in Bingham Township, NC
How much do homes in Bingham Township, NC cost?
Median Sold Price
$527,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Bingham Township was $527,500 in April 2024, up 25.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $360K | - | N/A |
2 Bedrooms | $327.7K | $286.2K | -12.7% |
3 Bedrooms | $420K | $437.5K | +4.2% |
4 Bedrooms | $727.5K | $850K | +16.8% |
5+ Bedrooms | $782.5K | $4.9M | +535.8% |
Summary: Bingham Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 535.8%.
Median Sold Price Compared To Nearby Cities
Bingham Township | $420K | $527.5K | +25.6% |
Efland | $375K | $425K | +13.3% |
Chapel Hill Township | $600K | $646.4K | +7.7% |
Baldwin Township | $600K | $625K | +4.2% |
Cheeks Township | $373.2K | $375K | 0.5% |
Housing Supply in Bingham Township, NC
How many homes are available in Bingham Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Bingham Township real estate market had 16 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Bingham Township 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 decreased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Bingham Township in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 46 Days | -41.4% |
Summary: Homes in Bingham Township had an average of 46 days on market in Apr 2024, down by 41.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in Bingham Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.