Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Binghamton?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Binghamton right now. Listings below $500,000 were included if necessary.
97 Chestnut St, Binghamton, NY 13905
- Price: $499,000
- 12 bedrooms, 3 bathrooms
- Square feet: 5,586
- See 97 Chestnut St, Binghamton, NY 13905 on Redfin.com
42-46 Jackson Ave, Endicott, NY 13760
- Price: $460,000
- 11 bedroom, 7 bathrooms
- Square feet: 3,780
- See 42-46 Jackson Ave, Endicott, NY 13760 on Redfin.com
41 Fayette St, Binghamton, NY 13901
- Price: $484,000
- 11 bedroom, 4 bathrooms
- Square feet: 3,128
- See 41 Fayette St, Binghamton, NY 13901 on Redfin.com
91 Grand Ave, Johnson City, NY 13790
- Price: $499,000
- 9 bedrooms, 4 bathrooms
- Square feet: 5,222
- See 91 Grand Ave, Johnson City, NY 13790 on Redfin.com
453 Grippen Hill Rd, Vestal, NY 13850
- Price: $478,000
- 8 bedrooms, 5 bathrooms
- Square feet: 4,498
- See 453 Grippen Hill Rd, Vestal, NY 13850 on Redfin.com
245 Dutchtown Rd, Ouaquaga, NY 13826
- Price: $495,000
- 7 bedrooms, 3.5 bathrooms
- Square feet: 3,040
- See 245 Dutchtown Rd, Ouaquaga, NY 13826 on Redfin.com
810 River Rd, Deposit, NY 13754
- Price: $449,000
- 7 bedrooms, 2 bathrooms
- Square feet: 4,303
- See 810 River Rd, Deposit, NY 13754 on Redfin.com
106 W Main St, Endicott, NY 13760
- Price: $469,000
- 6 bedrooms, 8 bathrooms
- Square feet: 12,371
- See 106 W Main St, Endicott, NY 13760 on Redfin.com
440 Park Ave, Waverly, NY 14892
- Price: $475,000
- 6 bedrooms, 2.5 bathrooms
- Square feet: 3,569
- See 440 Park Ave, Waverly, NY 14892 on Redfin.com
301 Brooks Ave, Vestal, NY 13850
- Price: $449,000
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,997
- See 301 Brooks Ave, Vestal, NY 13850 on Redfin.com
40 Blackstone Ave, Binghamton, NY 13903
- Price: $424,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 3,926
- See 40 Blackstone Ave, Binghamton, NY 13903 on Redfin.com
997 Woodhaven Dr, Owego, NY 13827
- Price: $499,900
- 5 bedrooms, 3.5 bathrooms
- Square feet: 2,666
- See 997 Woodhaven Dr, Owego, NY 13827 on Redfin.com
177 Old Barton Rd, Barton, NY 13734
- Price: $488,000
- 5 bedrooms, 2 bathrooms
- Square feet: 1,946
- See 177 Old Barton Rd, Barton, NY 13734 on Redfin.com
177 Old Barton Rd, Barton, NY 13734
- Price: $488,000
- 5 bedrooms, 2 bathrooms
- Square feet: 1,946
- See 177 Old Barton Rd, Barton, NY 13734 on Redfin.com
1204 Hartwick Ln, Vestal, NY 13850
- Price: $449,000
- 4 bedrooms, 4 bathrooms
- Square feet: 4,200
- See 1204 Hartwick Ln, Vestal, NY 13850 on Redfin.com
271 Front St, Owego, NY 13827
- Price: $439,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 4,300
- See 271 Front St, Owego, NY 13827 on Redfin.com
138 Harding Rd, Waverly, NY 14892
- Price: $499,900
- 4 bedrooms, 3.5 bathrooms
- Square feet: 3,597
- See 138 Harding Rd, Waverly, NY 14892 on Redfin.com
2621 Rustic Ridge Rd, Endicott, NY 13760
- Price: $474,250
- 4 bedrooms, 3.5 bathrooms
- Square feet: 2,883
- See 2621 Rustic Ridge Rd, Endicott, NY 13760 on Redfin.com
1537 Dunham Hill Rd, Glen Aubrey, NY 13777
- Price: $435,000
- 4 bedrooms, 3 bathrooms
- Square feet: 2,925
- See 1537 Dunham Hill Rd, Glen Aubrey, NY 13777 on Redfin.com
4255 Renole Dr, Binghamton, NY 13903
- Price: $449,000
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,947
- See 4255 Renole Dr, Binghamton, NY 13903 on Redfin.com
21 Murray St, Binghamton, NY 13905
- Price: $472,500
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,748
- See 21 Murray St, Binghamton, NY 13905 on Redfin.com
420 Jodie Dr, Vestal, NY 13850
- Price: $419,900
- 4 bedrooms, 2.5 bathrooms
- Square feet: 2,612
- See 420 Jodie Dr, Vestal, NY 13850 on Redfin.com
62 Lake Dr, Windsor, NY 13865
- Price: $429,999
- 4 bedrooms, 2.5 bathrooms
- Square feet: 1,659
- See 62 Lake Dr, Windsor, NY 13865 on Redfin.com
416 Mccoy Rd, Nichols, NY 13812
- Price: $450,000
- 4 bedrooms, 2 bathrooms
- Square feet: 1,737
- See 416 Mccoy Rd, Nichols, NY 13812 on Redfin.com
4805 Marshall Dr E, Vestal, NY 13850
- Price: $470,000
- 4 bedrooms, 1.5 bathrooms
- Square feet: 2,768
- See 4805 Marshall Dr E, Vestal, NY 13850 on Redfin.com
321 Ludington Ext, Maine, NY 13802
- Price: $455,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,857
- See 321 Ludington Ext, Maine, NY 13802 on Redfin.com
104 Mcclure Dr, Deposit, NY 13754
- Price: $455,000
- 3 bedrooms, 3 bathrooms
- Square feet: 2,152
- See 104 Mcclure Dr, Deposit, NY 13754 on Redfin.com
209 Perry Rd, Nineveh, NY 13813
- Price: $449,900
- 3 bedrooms, 3 bathrooms
- Square feet: 1,865
- See 209 Perry Rd, Nineveh, NY 13813 on Redfin.com
1299 Conklin Rd, Conklin, NY 13748
- Price: $449,900
- 3 bedrooms, 2 bathrooms
- Square feet: 2,851
- See 1299 Conklin Rd, Conklin, NY 13748 on Redfin.com
310 River Rd, Deposit, NY 13754
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 2,500
- See 310 River Rd, Deposit, NY 13754 on Redfin.com
This story was produced by Redfin Real Estate and reviewed and distributed by Stacker.
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