$6,519 Closing Credit*
$549,000
1,447 SqFt
3 Beds
•1 Full Bath, 1 Partial
Listing Office: Realty Connect USA L I Inc
Is North Babylon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, North Babylon was a Seller's Market.
Key Takeaway
North 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 North Babylon, NY
How much do homes in North Babylon, NY cost?
Median Sold Price
$610,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$80,000(+15.1%)
Key Takeaway
Homes in North Babylon have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in North Babylon was $610,000 in November 2024, up 15.1% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $295K | +18.0% |
| 2 Bedrooms | $440K | $520K | +18.2% |
| 3 Bedrooms | $529K | $610K | +15.3% |
| 4 Bedrooms | $561K | $634K | +13.0% |
| 5+ Bedrooms | $650K | $707.5K | +8.8% |
Summary: North Babylon housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| West Islip | $605.6K | $697.5K | +15.2% |
| North Babylon | $530K | $610K | +15.1% |
| Deer Park | $547.7K | $607.9K | +11.0% |
| Baywood | $500K | $550K | +10.0% |
| West Babylon | $550K | $590K | +7.3% |
Housing Supply in North Babylon, NY
How many homes are available in North Babylon, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 64 | 60 | -6.3% |
Summary: The North Babylon real estate market had 60 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 23 | 20 | -13.0% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The North Babylon housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
2 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 North Babylon, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in North Babylon in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 30 Days | -47.1% |
Summary: Homes in North Babylon had an average of 30 days on market in Nov 2024, down by 47.1% compared to last year.
Breakdown of Home Sale Times
7 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 North Babylon are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in North Babylon; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.