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$1,400 Closing Credit¹
#10194887, Listing Office: Leco Realty, Inc.
Binghampton / Lester Housing Market Report March 2025•Shelby County, Tennessee
Housing Prices in Binghampton / Lester, TN
How much do homes in Binghampton / Lester, TN cost?
Housing Market Conditions
Is Binghampton / Lester, TN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Binghampton / Lester is a Buyer's Market
Difference Since February 2025
Last month, Binghampton / Lester was a Neutral Market.
Insight
Binghampton / Lester is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$187,450–
+$67,450
+56.2%
Based on all homes sold in March 2025
Insight
Homes in Binghampton / Lester have sold for 56.2% more than they did a month ago.
Summary: The median home sold price in Binghampton / Lester was $187,450 in March 2025, up 56.2% from last month, and the median price per square foot was $0.
Median Sold Price By Bedrooms
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $108K | $75K | -30.6% |
| 33 Bedrooms | $160K | $187.4K | +17.2% |
| 44 Bedrooms | $110K | $219.9K | +99.9% |
| 55+ Bedrooms | - | - | N/A |
Summary: Binghampton / Lester housing price by bedroom type for March 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -30.6%. The home price for 3 bedroom homes increased by +17.2%. The home price for 4 bedroom homes increased by +99.9%. The home price for 5 bedroom homes did not change.
How does Binghampton / Lester, TN compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Binghampton / Lester, TN
Housing supply in Binghampton / Lester, TN
How many homes are available in Binghampton / Lester, TN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 61Last MonthMar 2025 | ||
| 552 months agoFeb 2025 | +10.9 % Change MoMFeb – Mar |
Summary: The Binghampton / Lester real estate market had 61 homes for sale in Mar 2025, a 10.9 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthMar 2025 | ||
| 92 months agoFeb 2025 | -11.1 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 1 | +100.0% |
| 22 Bedrooms | 16 | 18 | +12.5% |
| 33 Bedrooms | 26 | 29 | +11.5% |
| 44 Bedrooms | 11 | 11 | 0.0% |
| 55+ Bedrooms | 2 | 2 | 0.0% |
Summary: Binghampton / Lester housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +12.5%. The inventory for 3 bedroom homes increased by +11.5%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Binghampton / Lester, TN cost?
Over Asking Price0 Home
At Asking Price5 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Binghampton / Lester, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 8 homes were sold or pending in Binghampton / Lester in March 2025, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 63% were sold at asking, and and 0% 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.
Home sale times aren’t available for this area.
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Newest Listings in Binghampton / Lester, TN
What homes are available in Binghampton / Lester, TN?
Nearby markets
Nearby markets aren't available for Binghampton / Lester, TN
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MLS Disclaimers and Copyright
Based on information from Memphis MLS, for the period 02/01/2025 - 04/01/2025
Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 12:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 12:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.