Is Town of Babylon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Town of Babylon was a Seller's Market.
Key Takeaway
Town of Babylon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Town of Babylon, NY
How much do homes in Town of Babylon, NY cost?
Median Sold Price
$565,000
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Town of Babylon have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Town of Babylon was $565,000 in April 2024, up 6.6% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $252.5K | $280K | +10.9% |
| 2 Bedrooms | $435K | $450K | +3.4% |
| 3 Bedrooms | $519.1K | $550K | +6.0% |
| 4 Bedrooms | $560K | $603.1K | +7.7% |
| 5+ Bedrooms | $600K | $650K | +8.3% |
Summary: Town of Babylon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.9%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Copiague | $500K | $545K | +9.0% |
| West Babylon | $530K | $575K | +8.5% |
| Town of Babylon | $530K | $565K | +6.6% |
| North Lindenhurst | $543K | $560K | +3.1% |
| North Amityville | $460K | $468K | +1.7% |
Housing Supply in Town of Babylon, NY
How many homes are available in Town of Babylon, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 670 | 742 | +10.7% |
Summary: The Town of Babylon real estate market had 742 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 26 | 30 | +15.4% |
| 2 Bedrooms | 73 | 86 | +17.8% |
| 3 Bedrooms | 220 | 242 | +10.0% |
| 4 Bedrooms | 220 | 230 | +4.5% |
| 5+ Bedrooms | 131 | 154 | +17.6% |
Summary: The Town of Babylon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 103 | 107 | +3.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
71 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Town of Babylon, you could pay more than the asking price. 66.4% of homes here sold above asking price last month.
Summary: A total of 107 homes were sold or pending in Town of Babylon in April 2024, up by 3.9% month-over-month. Of the 107 sold homes, 21% were sold under asking, 12% were sold at asking, and 66% were sold over asking.
Days on Market for Town of Babylon, NY
How long does it take to sell a home in Town of Babylon, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 42 Days | -32.1% |
Summary: Homes in Town of Babylon had an average of 42 days on market in Apr 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Town of Babylon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 107 homes were sold in Town of Babylon; 62% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally 
The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.