Is Babson Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Babson Park is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Babson Park has remained a Buyer's Market.

Key Takeaway

Babson Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Babson Park, FL

How much do homes in Babson Park, FL cost?

Median Sold Price

$257,500

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$32,500(+14.4%)

Key Takeaway

Homes in Babson Park have sold for 14.4% more than they did a year ago.

Summary: The median home sold price in Babson Park was $257,500 in February 2024, up 14.4% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $102K-
N/A
2 $145K$210K
+44.8%
3 $234.9K$277.9K
+18.3%
4 $247.5K$253.5K
+2.4%
5+ -$210K
N/A

Summary: Babson Park housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.8%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Babson Park
+14.4%
Frostproof
-13.8%

Housing Supply in Babson Park, FL

How many homes are available in Babson Park, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1916-15.8%

Summary: The Babson Park real estate market had 16 homes for sale in February 2024, a 15.8% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 22
0.0%
3 108
-20.0%
4 65
-16.7%
5+ 11
0.0%

Summary: The Babson Park housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Babson Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Babson Park in February 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Babson Park, FL

How long does it take to sell a home in Babson Park, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
76 Days24 Days-68.6%

Summary: Homes in Babson Park had an average of 24 days on market in Feb 2024, down by 68.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Babson Park are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 2 homes were sold in Babson Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Babson Park, FL

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