Is Babylon, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Babylon is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Babylon has remained a Seller's Market.

Key Takeaway

Babylon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Babylon, NY cost?

Median Sold Price

$605,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$5,000(+0.8%)

Key Takeaway

Homes in Babylon have sold for 0.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $398K$400K
0.5%
2 $465K$500K
+7.5%
3 $591.5K$620K
+4.8%
4 $640K$647.5K
+1.2%
5+ $832.5K$739.2K
-11.2%

Median Sold Price Compared To Nearby Cities

Islip
+11.2%
Babylon
+0.8%

How many homes are available in Babylon, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
7358-20.5%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 115
-54.5%
3 2016
-20.0%
4 2923
-20.7%
5+ 1314
+7.7%

Number of Homes Sold

Oct 2022Nov 2022%
2010-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Babylon, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
27 Days70 Days+155.3%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Babylon, NY

There are 58 homes are for sale in Babylon, NY real estate market. Between October 2022 and November 2022, Babylon, NY real estate market has seen decrease in the number of listings by 20.5%. In November 2022 median list price was $605,000 and the average listing age was 70 days. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 0.5%, prices of 2 bedrooms properties increased by 7.5%, the cost of 3 bedrooms properties went up by 4.8%, the cost of 4 bedrooms properties went up by 1.2%, prices of 5 bedrooms properties decreased by 11.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes decreased by 54.5%, number of 3 bedrooms homes decreased by 20%, volume of 4 bedrooms homes went down by 20.7%, volume of 5 bedrooms homes went up by 7.7%. Over 7 listings were sold over their listed price in November 2022 in Babylon, NY. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price.

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