$10,000 Closing Credit*
$899,000
3,086 SqFt
5 Beds
•3 Full Baths
Cheryl Bossarte, Listing Office: POLK REAL ESTATE LLC
Is Babson Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Babson Park has remained a Seller's Market.
Key Takeaway
Babson Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Babson Park, FL
How much do homes in Babson Park, FL cost?
Median Sold Price
$275,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$27,250(+11.0%)
Key Takeaway
Homes in Babson Park have sold for 11% more than they did a year ago.
Summary: The median home sold price in Babson Park was $275,000 in September 2024, up 11% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102K | $115K | +12.7% |
| 2 Bedrooms | $165K | $239K | +44.8% |
| 3 Bedrooms | $262K | $275K | +5.0% |
| 4 Bedrooms | $265K | $305K | +15.1% |
| 5+ Bedrooms | $210K | $465K | +121.4% |
Summary: Babson Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 44.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes increased by 121.4%.
Median Sold Price Compared To Nearby Cities
| Babson Park | $247.7K | $275K | +11.0% |
| Frostproof | $238.3K | $220K | -7.7% |
Housing Supply in Babson Park, FL
How many homes are available in Babson Park, FL?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Summary: The Babson Park real estate market had 23 homes for sale in September 2024, a 21.1% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 4 | +300.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Babson Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 18.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Babson Park, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Babson Park in September 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 58 Days | +366.0% |
Summary: Homes in Babson Park had an average of 58 days on market in Sep 2024, up by 366% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Babson Park has remained consistent over time.
Summary: During September 2024, 4 homes were sold in Babson Park; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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