Is West 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, West Babylon was a Seller's Market.
Housing Prices in West Babylon, NY
How much do homes in West Babylon, NY cost?
Median Sold Price
$575,000
$354/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Babylon was $575,000 in April 2024, up 8.5% from last year, and the median price per square foot was $354.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $262.5K | $276.5K | +5.3% |
2 Bedrooms | $450K | $450K | 0.0% |
3 Bedrooms | $520K | $550K | +5.8% |
4 Bedrooms | $555K | $606.5K | +9.3% |
5+ Bedrooms | $577.5K | $660K | +14.3% |
Summary: West Babylon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes did not change, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 14.3%.
Median Sold Price Compared To Nearby Neighborhoods
Wyandanch | $430K | $470K | +9.3% |
West Babylon | $530K | $575K | +8.5% |
North Babylon | $527.5K | $565K | +7.1% |
Town of Babylon | $530K | $565K | +6.6% |
Deer Park | $539.5K | $570K | +5.7% |
Housing Supply in West Babylon, NY
How many homes are available in West Babylon, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 123 | +12.8% |
Summary: The West Babylon real estate market had 123 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 33 | 41 | +24.2% |
4 Bedrooms | 40 | 40 | 0.0% |
5+ Bedrooms | 23 | 29 | +26.1% |
Summary: The West Babylon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 24.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 26.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 19 | +11.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in West Babylon in April 2024, up by 11.8% month-over-month. Of the 19 sold homes, 16% were sold under asking, 0% were sold at asking, and 84% were sold over asking.
Days on Market for West Babylon, NY
How long does it take to sell a home in West Babylon, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 30 Days | -51.3% |
Summary: Homes in West Babylon had an average of 30 days on market in Apr 2024, down by 51.3% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 19 homes were sold in West Babylon; 68% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.