Is Bingham, ME 04920 a buyer’s or seller’s market?
Bingham is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Bingham housing market right now
In the three months ending August 31, 2026, 25% of homes in Bingham, ME 04920 sold above their list price, the typical home went under contract in 40 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (25% then), homes sold faster (59 days then) and the median sale price fell 16% to $137,441. Overall, Bingham is more competitive than a year ago, so tougher for buyers.
Within Somerset County, homes here sell faster than in 62% of the county’s ZIP codes, and sell more often over asking than in 76%.
Nearby, buyers who want less competition could look at Solon 04979 (0% sold over asking) or Shawmut 04975 (0% sold over asking), while Athens 04912 (75% sold over asking) and Saint Albans 04971 (43% sold over asking) are even more competitive.
Run the numbers for 04920
Nearby markets
Anson 04911Balanced $211 /sq ftAthens 04912Balanced $235 /sq ftCambridge 04923Seller’s market $71 /sq ftCanaan 04924Seller’s market $243 /sq ft Browse all markets →Towns like Bingham nearby
Find towns like Bingham in other states →Where Bingham is
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Questions about Bingham real estate
Is Bingham a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Bingham, ME 04920 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Bingham?
The typical home went under contract in 40 days in the latest three months.
Do homes in Bingham sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 93.1% of the list price.
What are property taxes in Bingham?
About 1.08% of a home’s value a year in Somerset County, or roughly $4,320 on a $400,000 home.
What is the median home price in Bingham?
The median sale price was $137,441 in the three months ending August 31, 2026, about $138 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology