Why Live in Binghampton
Binghampton in Memphis has evolved from a small railroad town into a vibrant neighborhood with a lively retail corridor along Broad Avenue. Located just 5 miles from Downtown Memphis, Binghampton offers a mix of older single-family homes and newer constructions, including modern farmhouses. The neighborhood's homes typically sit on modest lots averaging 7,400 square feet, with options ranging from two-bedroom cottages to three-bedroom bungalows. Broad Avenue serves as the commercial hub, featuring the Broad Avenue Arts District, which hosts an eclectic mix of locally owned restaurants, boutiques, and attractions. Dining options include farm-to-table restaurants like Bounty on Broad, breweries such as Wiseacre, and casual spots like Broadway Pizza. Residents can explore local artisan shops or visit Society Memphis Skatepark and Coffee. While there are no grocery stores within Binghampton, the Poplar Plaza shopping center with a Kroger is just 2 miles away. The neighborhood is home to several green spaces, including Robert Howze Park and the Lester Community Center, which is set for major renovations in 2024. The Hampline, a 2-mile pedestrian and bicycle corridor, connects Binghampton to Overton Park. The area is centrally located between I-40 and I-240, with Route 53 of the Memphis Area Transit Bus providing access to downtown. Memphis International Airport is less than 10 miles south. Binghampton is also near Rhodes College and the Benjamin L. Hooks Central Library, adding to the community's educational and recreational offerings.
Home Trends in Binghampton, TN
On average, homes in Binghampton, Memphis sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Binghampton, Memphis over the last 12 months is $454,900, down 33% from the median home sale price over the previous 12 months.
Median Sale Price
$454,900
Median Single Family Sale Price
$550,000
Median Townhouse Sale Price
$484,900
Median 2 Bedroom Sale Price
$425,000
Median 1 Bedroom Sale Price
$214,000
Average Price Per Sq Ft
$223
Number of Homes for Sale
10
Last 12 months Home Sales
90
Median List Price
$476,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-33%