Is Babylon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Babylon has remained a Seller's Market.
Housing Prices in Babylon, NY
How much do homes in Babylon, NY cost?
Median Sold Price
$710,000
$377/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Babylon was $710,000 in April 2024, up 18.3% from last year, and the median price per square foot was $377.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400.2K | - | N/A |
2 Bedrooms | $485K | $515K | +6.2% |
3 Bedrooms | $622.5K | $632.2K | +1.6% |
4 Bedrooms | $605K | $745K | +23.1% |
5+ Bedrooms | $717K | $999.9K | +39.5% |
Summary: Babylon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 39.5%.
Median Sold Price Compared To Nearby Cities
Babylon | $599.9K | $710K | +18.3% |
Islip | $530K | $563.6K | +6.4% |
Housing Supply in Babylon, NY
How many homes are available in Babylon, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 55 | +12.2% |
Summary: The Babylon real estate market had 55 homes for sale in April 2024, a 12.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 9 | +12.5% |
3 Bedrooms | 18 | 19 | +5.6% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Babylon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 11 | +120.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Babylon in April 2024, up by 120.0% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.
Days on Market for Babylon, NY
How long does it take to sell a home in Babylon, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
93 Days | 36 Days | -61.1% |
Summary: Homes in Babylon had an average of 36 days on market in Apr 2024, down by 61.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in Babylon; 73% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.