Babylon, NY Foreclosures
How much do homes sell for in Babylon, NY?
The average home price is currently $735,716.
In Babylon, NY, how many homes are available?
There are currently 1 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 $5,738,138.
What is currently the cheapest priced home in Babylon, NY?
The cheapest home for sale in Babylon is priced at $20,943.
Living in Babylon, NY
Babylon, NY is a picturesque village located on Long Island's South Shore, known for its waterfront views and a strong sense of community. The area's rich history, coupled with modern amenities, makes it a desirable location for families and professionals alike. With excellent schools and a variety of parks, Babylon offers a blend of suburban tranquility and vibrant community life.
Current Market Conditions in Babylon, NY
The real estate market in Babylon has shown consistent growth over the past several years, with an increasing number of buyers attracted to the area's charm and amenities. Inventory levels have remained relatively low, which has kept prices stable and competitive. As more people seek suburban living with easy access to New York City, Babylon has become a hotspot for homebuyers looking for both value and quality.
In the past month, the market has continued to heat up, with homes selling quickly. The average time on the market has decreased, and there is a noticeable demand for single-family homes. The competitive atmosphere is leading to multiple offers on many properties, which can drive prices higher. First-time homebuyers are finding it challenging, but the area’s desirability remains strong.
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 $670,113.00. 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 $735,716.00, with the most expensive house
in Babylon, NY, topping out
at $5,738,138.00 and the cheapest home
in Babylon, NY,
clocking in at $20,943.00. 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.
Learn more on Foreclosure homes
