Binghamton NY › Market Report
Binghamton NY Housing Market Report — 2026
TL;DR
Dated June 2026 Redfin Data Center city fields for the rolling three months ending 2026-06-30 report a $161,412 median sale price, +11.32% year over year, 63 median days on market, and 127 homes sold; Zillow Research separately reports a $193,778 city ZHVI as of 2026-06-30. Older public-page figures below remain dated supplemental context. Broome County transfer tax: $5/$1,000 (confirmed broomecountyny.gov).
Current source periods market refresh.
Data retrieved: 2026-09-13
Each measure below keeps its provider, geography, and observation period attached. Provider definitions and geography levels can differ, so compare the rows separately.
| Measure | Value | Provider and geography | Period |
|---|---|---|---|
| Median sale price | $166,390 | Redfin · Binghamton, NY · provider-defined place | Three months ending August 2026 |
| Median days on market | 70 days | Redfin · Binghamton, NY · provider-defined place | Three months ending August 2026 |
| Homes sold | 141 homes | Redfin · Binghamton, NY · provider-defined place | Three months ending August 2026 |
| Typical home value (Zillow ZHVI) | $193,367 | Zillow · Binghamton, NY · provider-defined place | As of 2026-07-31 |
| For-sale inventory | 161 homes | Zillow · Binghamton, NY · provider-defined place | As of 2026-07-31 |
Sources shown: Redfin and Zillow. Market data is background context only; property-specific value still depends on condition, title, occupancy, repairs, payoff, liens, and closing timeline.
Source-period notice
The refresh panel contains the current source rows, with provider, geography, and period shown for each measure. Other figures below retain their displayed dates as supplemental context.
Key Market Metrics — May 2026 Refresh
| Metric | Value | Date / Source |
|---|---|---|
| Median sale price | $175,000 | prior public-page snapshot · Redfin |
| Price per square foot | $95 | prior public-page snapshot · Redfin |
| Price/sqft YoY change | +21.0% | prior public-page snapshot · Redfin |
| Compete Score | 72 — Very Competitive | prior public-page snapshot · Redfin |
| Sale-to-list ratio | 101.1% (+4.0 pts YoY) | prior public-page snapshot · Redfin |
| Average days on market | 70 days | prior public-page snapshot · Redfin |
| Days to pending (typical homes) | ~43 days | prior public-page snapshot · Redfin |
| Days to pending (hot homes) | ~16 days | prior public-page snapshot · Redfin |
| Hot homes sale-to-list | ~4% above list price | prior public-page snapshot · Redfin |
| Homes sold (prior public-page snapshot) | 27 (down from 40 prior year) | prior public-page snapshot · Redfin |
| Prior year homes sold | 40 (March 2025) | prior public-page snapshot · Redfin |
| Broome County transfer tax | $5/$1,000 ($4 state + $1 county) | broomecountyny.gov DeedFAQs (direct fetch 2026-05-01) |
| Deed recording fee (2-page deed) | $55 ($45 base + $5/page × 2) | broomecountyny.gov DeedFAQs (direct fetch 2026-05-01) |
| TP-584 filing fee | $10 + transfer tax owed | broomecountyny.gov |
| RP-5217 filing fee (residential) | $125 | broomecountyny.gov (verify current fee) |
Understanding Binghamton's 2026 Market Conditions
Thin volume — what it means for sellers
Binghamton recorded only 27 home sales in prior public-page snapshot, down from 40 the prior year. That's a thin-volume market. Monthly price movements in thin markets are volatile — one or two high-priced sales can swing the median significantly. The more reliable indicators of market health are the Compete Score (72), sale-to-list ratio (101.1%), and the speed at which hot homes move (16 days to pending, 4% above list). Those numbers suggest active buyer demand. But for as-is properties with deferred maintenance or title complications, the 70-day average DOM tells a different story.
Cash buyer advantage in Binghamton
Binghamton's median price of $175,000 sits at a point where inspection contingencies and repair negotiations are proportionally painful. A $15,000 repair demand on a $175,000 sale represents an 8.6% price reduction — that's significant. Cash buyers who take as-is condition eliminate that negotiation entirely. Add in the NY attorney closing requirement (which adds 1–2 weeks to any timeline) and cash's speed advantage becomes meaningful: a property-specific timeline vs. 60–90 days for a traditional sale.
Broome County transfer tax — what sellers pay
According to Broome County Clerk's DeedFAQs (broomecountyny.gov, confirmed direct fetch 2026-05-01), New York State charges $4 per $1,000 and Broome County adds $1 per $1,000 — a total of $5 per $1,000 of sale price paid by the seller. Example: on a $175,000 sale, the total transfer tax is $875. In addition, sellers file TP-584 ($10 + tax owed) and RP-5217 ($125 residential) at the Broome County Clerk's Office, 60 Hawley Street, 3rd floor. When you sell to USA Home Buyers, we review seller-cost and closing-detail questions before you sign.
Closing Costs Estimate — Binghamton NY Seller
| Cost Item | Amount (on $175K sale) | Notes |
|---|---|---|
| NY Transfer Tax (TP-584) | $700 (state: $4/$1K) | NY Tax Law §1402 |
| Broome County Transfer Tax | $175 (county: $1/$1K) | broomecountyny.gov confirmed |
| TP-584 filing fee | $10 | broomecountyny.gov confirmed |
| RP-5217 filing fee | $125 (residential) | broomecountyny.gov — verify current fee |
| Deed recording (2-page deed) | $55 | broomecountyny.gov confirmed |
| Seller attorney fee | Varies (~$750–$1,500+) | NY attorney-closing state requirement |
| Agent commission (traditional) | ~$8,750–$10,500 (5–6%) | N/A with USA Home Buyers |
| Total (traditional with agent) | ~$10,515–$13,065+ | Before repairs |
| Total (USA Home Buyers) | $0 out of pocket | We review seller-cost and closing-detail questions before you sign |
Estimates based on confirmed Broome County Clerk DeedFAQs data. Attorney fees vary. All figures subject to change — verify current rates before closing.
Get a Cash Offer for Your Binghamton NY Home
Offer review often within 24 hours after we understand the property. Seller-cost questions reviewed in writing. Current source rows above retain their provider, geography, and observation period.
Dated June 2026 supplemental sources: Redfin Data Center exact Binghamton city row and Zillow Research city ZHVI. Supplemental and official sources: Redfin Binghamton public-page snapshot (direct fetch 2026-05-01); Broome County Clerk's Office DeedFAQs (broomecountyny.gov, direct fetch 2026-05-01). Market data is subject to change. This page is updated periodically but is not a real-time data source.
Current source periods source-backed market snapshot.
Binghamton market data
- Median sale price
- $166,390
- Redfin · Binghamton, NY · provider-defined place; Three months ending August 2026
- Median days on market
- 70 days
- Redfin · Binghamton, NY · provider-defined place; Three months ending August 2026
- Homes sold
- 141 homes
- Redfin · Binghamton, NY · provider-defined place; Three months ending August 2026
- Typical home value (Zillow ZHVI)
- $193,367
- Zillow · Binghamton, NY · provider-defined place; As of 2026-07-31
Each measure retains its provider geography and observation period. Market data is background context only, not a property-specific offer or value promise.