$5,926 Closing Credit*
$499,000
1,025 SqFt
1 Bed
•2 Full Baths
Listing Office: Ed Ryan Real Estate Group
Is North Babylon, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, North Babylon has remained a Seller's Market.
Key Takeaway
North Babylon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Babylon, NY
How much do homes in North Babylon, NY cost?
Median Sold Price
$608,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$83,000(+15.8%)
Key Takeaway
Homes in North Babylon have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in North Babylon was $608,000 in October 2024, up 15.8% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.2K | $265K | +9.4% |
| 2 Bedrooms | $437.5K | $510K | +16.6% |
| 3 Bedrooms | $525K | $610K | +16.2% |
| 4 Bedrooms | $559K | $631K | +12.9% |
| 5+ Bedrooms | $638K | $700K | +9.7% |
Summary: North Babylon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| North Babylon | $525K | $608K | +15.8% |
| West Islip | $600K | $690K | +15.0% |
| Deer Park | $548K | $605K | +10.4% |
| Baywood | $500K | $545K | +9.0% |
| West Babylon | $547.2K | $585.3K | +7.0% |
Housing Supply in North Babylon, NY
How many homes are available in North Babylon, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 65 | -7.1% |
Summary: The North Babylon real estate market had 65 homes for sale in October 2024, a 7.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The North Babylon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 12 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Babylon, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in North Babylon in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 28 Days | +41.8% |
Summary: Homes in North Babylon had an average of 28 days on market in Oct 2024, up by 41.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Babylon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in North Babylon; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% 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.