Is North 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, North Babylon has remained a Seller's Market.
Key Takeaway
North Babylon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Babylon, NY
How much do homes in North Babylon, NY cost?
Median Sold Price
$565,000
$345/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in North Babylon have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in North Babylon was $565,000 in April 2024, up 7.1% from last year, and the median price per square foot was $345.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.2K | $260K | +7.3% |
| 2 Bedrooms | $450K | $487.5K | +8.3% |
| 3 Bedrooms | $528.7K | $545K | +3.1% |
| 4 Bedrooms | $556K | $597.5K | +7.5% |
| 5+ Bedrooms | $615K | $670K | +8.9% |
Summary: North Babylon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Neighborhoods
| West Babylon | $530K | $575K | +8.5% |
| North Babylon | $527.5K | $565K | +7.1% |
| West Islip | $611.2K | $649.9K | +6.3% |
| Deer Park | $539.5K | $570K | +5.7% |
Housing Supply in North Babylon, NY
How many homes are available in North Babylon, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 61 | +8.9% |
Summary: The North Babylon real estate market had 61 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 20 | +17.6% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The North Babylon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 16 | +220.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Babylon, you could pay more than the asking price. 68.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in North Babylon in April 2024, up by 220.0% month-over-month. Of the 16 sold homes, 19% were sold under asking, 13% were sold at asking, and 69% were sold over asking.
Days on Market for North Babylon, NY
How long does it take to sell a home in North Babylon, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 103 Days | 38 Days | -62.4% |
Summary: Homes in North Babylon had an average of 38 days on market in Apr 2024, down by 62.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Babylon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in North Babylon; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.