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Featured local agent — Binghamton, NY
Sarah Mitchell
Compass Real Estate · Binghamton, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Binghamton, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$159,000median sale price
How is the Binghamton, NY housing market right now?
The median home sale price in Binghamton, NY is $159,000, up 4.4% year-over-year. Homes sell in an average of 59 days with 191 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Binghamton a buyer's or seller's market?
Binghamton, NY is currently a leaning buyer's, based on 4.3 months of supply and homes selling in about 59 days. How we determine this →
Homes sold
44
Last 12 weeks
Days on market
59
Average pace
Active listings
191
4.3 months supply
Sale-to-list
97.1%
Below asking
What does the Binghamton housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $159,000 |
| Median list price | $199,000 |
| Year-over-year price change | +4.4% |
| Average days on market | 59 days |
| Active inventory | 191 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 97.1% |
| Median price per sq ft | $96/sq ft |
| Homes sold (latest month) | 44 |
| New listings (latest month) | 67 |
| Listings with a price cut | 25.1% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Binghamton by property type?
How the Binghamton, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $166,500 | $105/sq ft | 32 | 70 days |
| Condo / Co-op | $205,000 | $95/sq ft | 2 | 52 days |
| Townhouse | $230,000 | $105/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Binghamton housing market is currently classified as a leaning buyer's with a median sale price of $159,000. Prices have risen 4.4% compared to last year, with homes spending an average of 59 days on market, indicating 4.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Binghamton
There are currently 191 homes listed for sale in Binghamton, New York. The median listing price is $199K.
Active listings
191
Homes on market
Median list price
$199K
Avg. days on market
59
Days until sale
New this week
67
Newly listed
Who lives in Binghamton?
Population
47,357
Median income
$44,331/yr
Median age
35.1 years
Owner-occupied
43.3%
College grads
30.8%
Avg commute
19.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Binghamton?
Zillow home value
$193,778
Zillow rent index
$1,322/mo
Price-to-rent ratio
12.2x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Binghamton?
Binghamton is a community of approximately 47K residents with a median age of 35.1 years.The median household income is $44,331, which represents a working-class community with solid middle-income opportunities. 30.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 43.3%, showing a blend of owner and renter-occupied properties. The average commute time is 19.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Binghamton offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Binghamton?
20 schools tracked · 8,949 students
The largest public schools serving Binghamton, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
BINGHAMTON HIGH SCHOOL
Grades 9-12 · 1,290 students
BROOME-DELAWARE-TIOGA BOCES
Grades K-12 · 1,077 students
CHENANGO FORKS ELEMENTARY SCHOOL
Grades PK-5 · 604 students
WEST MIDDLE SCHOOL
Grades 6-8 · 502 students
CHENANGO VALLEY HIGH SCHOOL
Grades 9-12 · 489 students
EAST MIDDLE SCHOOL
Grades 6-8 · 465 students
CHENANGO FORKS HIGH SCHOOL
Grades 9-12 · 432 students
BENJAMIN FRANKLIN ELEMENTARY SCHOOL
Grades PK-5 · 420 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Binghamton, NY?
Want a head-to-head view? Compare Binghamton side-by-side with any other U.S. city using our market-comparison tool.
Is Binghamton a good real estate investment market?
For investors evaluating Binghamton, the price-to-rent ratio of 12.2x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 4.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Binghamton's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Binghamton's median home price.
Frequently asked questions
What is the average home price in Binghamton?
The median home sale price in Binghamton is $159,000, up 4.4% from last year.
How long do homes stay on market in Binghamton?
Homes typically spend 59 days on market before going under contract.
What is the median income in Binghamton?
The median household income is $44,331 per year.
Is Binghamton a buyer's or seller's market?
With 4.3 months of supply, Binghamton is currently a leaning buyer's.
What is the Zillow home value estimate for Binghamton?
The Zillow Home Value Index (ZHVI) for Binghamton is $193,778, representing the typical home value in the area.
What is the median condo price in Binghamton?
The median condo/co-op sale price in Binghamton, NY is $205,000, compared to $166,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Binghamton?
The median single-family home price in Binghamton, NY is $166,500 (about $105 per square foot).
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