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 Seller's Market.
Key Takeaway
Binghampton / Lester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Binghampton / Lester, TN
How much do homes in Binghampton / Lester, TN cost?
Median Sold Price
$193,000
-
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Binghampton / Lester have sold for 104.9% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $60K | - | N/A |
| 3 Bedrooms | $98.2K | $189.9K | +93.3% |
| 4 Bedrooms | $190K | $295K | +55.3% |
| 5+ Bedrooms | - | $335K | N/A |
Summary: Binghampton / Lester housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 93.3%, 4 bedroom homes increased by 55.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Binghampton / Lester | $94.2K | $193K | +104.9% |
| Hein Park | $500K | $480K | -4.0% |
Housing Supply in Binghampton / Lester, TN
How many homes are available in Binghampton / Lester, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 64 | 67 | +4.7% |
Summary: The Binghampton / Lester real estate market had 67 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 29 | 33 | +13.8% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Binghampton / Lester housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 7 | -46.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Binghampton / Lester, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Binghampton / Lester in May 2024, down by 46.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% 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
