Is Babson Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Babson Park has remained a Buyer's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102K | - | N/A |
2 Bedrooms | $145K | $210K | +44.8% |
3 Bedrooms | $234.9K | $277.9K | +18.3% |
4 Bedrooms | $247.5K | $253.5K | +2.4% |
5+ Bedrooms | - | $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 | $225K | $257.5K | +14.4% |
Frostproof | $255.2K | $220K | -13.8% |
Housing Supply in Babson Park, FL
How many homes are available in Babson Park, FL?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 16 | -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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 1 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
76 Days | 24 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
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.