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Preforeclosure Homes in Binghamton, NY

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Binghamton, NY Foreclosures

How much do homes sell for in Binghamton, NY?
The average home price is currently $214,218.
In Binghamton, NY, how many homes are available?
There are currently 117 active home listings available in Binghamton.
What’s the average rental cost in Binghamton, NY?
The average rental price in Binghamton is $1,240.
What is the most expensive home in Binghamton?
The most expensive home sold in Binghamton had a price of $84,503,816.
What is currently the cheapest priced home in Binghamton, NY?
The cheapest home for sale in Binghamton is priced at $10,018.

Living in Binghamton, NY

Binghamton, NY is a city known for its picturesque landscapes and a thriving community spirit. It combines urban amenities with nature, making it an appealing location for families and outdoor enthusiasts. Enjoy a rich cultural scene with numerous festivals, art galleries, and historical sites.

Current Market Conditions in Binghamton, NY

Binghamton's real estate market has seen a steady increase in home values, with rising demand for single-family homes and condos. The city is becoming attractive for first-time buyers and investors due to its relatively affordable housing compared to other regions in New York. An influx of buyers, especially from larger metropolitan areas, has contributed to this trend.

Recently, there has been a surge in interest in Binghamton due to its affordable living, diverse amenities, and a growing job market. New developments and renovations in the downtown area have resulted in a revitalization that attracts both residents and businesses. Prices are projected to stabilize in the near future as the market adjusts.

Home Value Estimator For Binghamton, NY

There are currently 25,809 real estate properties in Binghamton, NY, with a median automated valuation model (AVM) price of $170,270.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Binghamton, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Binghamton, NY, is $214,218.00, with the most expensive house in Binghamton, NY, topping out at $84,503,816.00 and the cheapest home in Binghamton, NY, clocking in at $10,018.00. In other words, there’s something for every potential homebuyer or savvy investor in Binghamton, NY!

Rent Prices In Binghamton, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Binghamton, NY, is on a rollercoaster ride. The average rent price in Binghamton, NY, is $1,240.00. Indeed, when looking to rent in Binghamton, NY, you can expect to pay as little as $590.00 or as much as $4,020.00, with the average rent median estimated to be $1,210.00. The good news is that finding an affordable and desirable property to rent in Binghamton, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Binghamton, NY Preforeclosure Homes


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