$10,000 Closing Credit*
$895,000
1,860 SqFt
2 Beds
•1 Full Bath
Listing Office: Jones Hollow Realty Group Inc
Is Babylon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
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.
Housing Prices in Babylon, NY
How much do homes in Babylon, NY cost?
Median Sold Price
$700,000
$396/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$45,000(+6.9%)
Key Takeaway
Homes in Babylon have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Babylon was $700,000 in November 2024, up 6.9% from last year, and the median price per square foot was $396.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | $690K | +74.7% |
| 2 Bedrooms | $475K | $515K | +8.4% |
| 3 Bedrooms | $605K | $672.5K | +11.2% |
| 4 Bedrooms | $711.5K | $762.5K | +7.2% |
| 5+ Bedrooms | $822.5K | $967.5K | +17.6% |
Summary: Babylon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Islip | $539.9K | $602.9K | +11.7% |
| Babylon | $655K | $700K | +6.9% |
Housing Supply in Babylon, NY
How many homes are available in Babylon, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 71 | -11.3% |
Summary: The Babylon real estate market had 71 homes for sale in November 2024, a 11.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 30 | 27 | -10.0% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 20 | 17 | -15.0% |
Summary: The Babylon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 15%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Babylon, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Babylon in November 2024, down by 14.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Babylon, NY
How long does it take to sell a home in Babylon, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 28 Days | -39.7% |
Summary: Homes in Babylon had an average of 28 days on market in Nov 2024, down by 39.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Babylon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Babylon; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% 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.