$5,344 Closing Credit*
$450,000
1,628 SqFt
3 Beds
•2 Full Baths, 1 Partial
Melissa H White, Tyler White, Listing Office: Keller Williams Central
Is Bingham Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Bingham Township was a Seller's Market.
Key Takeaway
Bingham Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Bingham Township, NC
How much do homes in Bingham Township, NC cost?
Median Sold Price
$527,500
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$24,000(+4.8%)
Key Takeaway
Homes in Bingham Township have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Bingham Township was $527,500 in October 2024, up 4.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278.5K | $327.5K | +17.6% |
| 3 Bedrooms | $450K | $542.5K | +20.6% |
| 4 Bedrooms | $830K | $807.5K | -2.7% |
| 5+ Bedrooms | $4.9M | - | N/A |
Summary: Bingham Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 20.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Baldwin Township | $604.5K | $644.9K | +6.7% |
| Bingham Township | $503.5K | $527.5K | +4.8% |
| Chapel Hill Township | $634.7K | $653K | +2.9% |
| Cheeks Township | $379.7K | $367K | -3.4% |
| Efland | $503.5K | $449K | -10.8% |
Housing Supply in Bingham Township, NC
How many homes are available in Bingham Township, NC?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The Bingham Township real estate market had 23 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Bingham Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bingham Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bingham Township in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 89 Days | 58 Days | -34.1% |
Summary: Homes in Bingham Township had an average of 58 days on market in Oct 2024, down by 34.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Bingham Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Bingham Township; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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