Babylon, NY Foreclosures
How much do homes sell for in Babylon, NY?
The average home price is currently $714,589.
In Babylon, NY, how many homes are available?
There are currently 8 active home listings available in Babylon.
What’s the average rental cost in Babylon, NY?
The average rental price in Babylon is $2,702.
What is the most expensive home in Babylon?
The most expensive home sold in Babylon had a price of $5,553,660.
What is currently the cheapest priced home in Babylon, NY?
The cheapest home for sale in Babylon is priced at $19,689.
Living in Babylon, NY
Babylon, a charming village in Long Island, offers a perfect blend of suburban living with convenience to urban amenities. Residents enjoy picturesque waterfront views, vibrant downtown with shops, and a rich history reflected in its architecture. The area is known for its community spirit and family-friendly atmosphere.
Current Market Conditions in Babylon, NY
The real estate market in Babylon, NY, remains robust, with a mix of single-family homes, condos, and waterfront properties catering to diverse buyers. As of late 2023, homes have seen consistent demand, bolstered by the area’s appeal for families seeking quality schools and a close-knit community. Prices for homes have been steadily rising, reflecting the desirable living conditions and the commute's appeal to urban professionals. The demand for properties, especially waterfronts, remains high despite rising interest rates, which indicates buyers' continued interest in this idyllic suburb.
Properties in Babylon have been on the market for an average of 30 days, showcasing a strong demand. The local market is competitive, with some homes receiving multiple offers shortly after listing. Inventory levels have been slightly low, contributing to rising property values, particularly for well-maintained homes in sought-after neighborhoods.
Home Value Estimator For Babylon, NY
There are currently 5,313 real estate properties
in Babylon, NY,
with a median automated valuation model (AVM) price
of $647,149.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Babylon, NY, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Babylon, NY,
is $714,589.00, with the most expensive house
in Babylon, NY, topping out
at $5,553,660.00 and the cheapest home
in Babylon, NY,
clocking in at $19,689.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Babylon, NY!
Rent Prices
In Babylon, NY
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Babylon, NY, is on
a rollercoaster ride. The
average rent price in Babylon, NY,
is $2,702.00. Indeed, when looking to rent in
Babylon, NY, you can expect to pay as little
as $1,380.00 or as much
as $5,740.00,
with the average rent median estimated to
be $2,610.00. The good news is that finding
an affordable and desirable property to rent in Babylon, NY
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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