Binghamton NY › Market Report
Binghamton NY Housing Market Report — 2026
TL;DR
According to Redfin (March 2026), Binghamton's median sale price is $175,000 with a Compete Score of 72. Sale-to-list ratio: 101.1%. Average DOM: 70 days (43 days to pending for typical homes; 16 days for hot homes). Volume is thin: 27 homes sold in March 2026, down from 40 the prior year. Broome County transfer tax: $5/$1,000 (confirmed broomecountyny.gov). Market data last updated: March 2026.
Key Market Metrics — March 2026
| Metric | Value | Date / Source |
|---|---|---|
| Median sale price | $175,000 | March 2026 · Redfin |
| Price per square foot | $95 | March 2026 · Redfin |
| Price/sqft YoY change | +21.0% | March 2026 · Redfin |
| Compete Score | 72 — Very Competitive | March 2026 · Redfin |
| Sale-to-list ratio | 101.1% (+4.0 pts YoY) | March 2026 · Redfin |
| Average days on market | 70 days | March 2026 · Redfin |
| Days to pending (typical homes) | ~43 days | March 2026 · Redfin |
| Days to pending (hot homes) | ~16 days | March 2026 · Redfin |
| Hot homes sale-to-list | ~4% above list price | March 2026 · Redfin |
| Homes sold (March 2026) | 27 (down from 40 prior year) | March 2026 · Redfin |
| Prior year homes sold | 40 (March 2025) | March 2026 · 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 March 2026, 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: 7–14 days 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 cover all of these costs.
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 cover all closing costs |
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
Written offer in 24 hours. All closing costs covered. Market data last updated March 2026.
Source: Redfin Binghamton NY housing market (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.