Town of Babylon Housing Market Report February 2025•Suffolk County, New York

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Housing Prices in Town of Babylon, NY

How much do homes in Town of Babylon, NY cost?

Housing Market Conditions

Is Town of Babylon, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Town of Babylon is a Seller's Market

Difference Since February 2024

At the same time last year, Town of Babylon was a Neutral Market.

Insight

Town of Babylon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$610,000$368/SqFt
+$56,695
+10.2%

Based on all homes sold in the last 12 months

Insight

Homes in Town of Babylon have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Town of Babylon was $610,000 in February 2025, up 10.2% from last year, and the median price per square foot was $368.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
North Amityville
+21.5%
Town of Babylon
+10.2%
North Lindenhurst
+8.9%
West Babylon
+8.2%
Copiague
+7.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$270K$315K
+16.7%
2$435.5K$480K
+10.2%
3$535K$590K
+10.3%
4$590K$650.5K
+10.3%
5$630K$690K
+9.5%

Summary: Town of Babylon housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +16.7%. The home price for 2 bedroom homes increased by +10.2%. The home price for 3 bedroom homes increased by +10.3%. The home price for 4 bedroom homes increased by +10.3%. The home price for 5 bedroom homes increased by +9.5%.

Housing supply in Town of Babylon, NY

How many homes are available in Town of Babylon, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
500Last MonthFeb 2025
6072 months agoJan 2025
-17.6 %
Change MoMJan – Feb

Summary: The Town of Babylon real estate market had 500 homes for sale in Feb 2025, a 17.6 % decrease compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
87Last MonthFeb 2025
1352 months agoJan 2025
-35.6 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
12314
-39.1%
26056
-6.7%
3208167
-19.7%
4202158
-21.8%
5114105
-7.9%

Summary: Town of Babylon housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -39.1%. The inventory for 2 bedroom homes decreased by -6.7%. The inventory for 3 bedroom homes decreased by -19.7%. The inventory for 4 bedroom homes decreased by -21.8%. The inventory for 5 bedroom homes decreased by -7.9%.

Asking Price vs. Sold Price

How much do homes in Town of Babylon, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price50 Homes

At Asking Price9 Homes

Under Asking Price28 Homes

Insight

If you're buying a home in Town of Babylon, you could pay more than the asking price. 57.5% of homes here sold above asking price last month.

Summary: A total of 87 homes were sold or pending in Town of Babylon in February 2025, down by 35.6% month-over-month. Of the 87 sold homes, 32% were sold under asking, 10% were sold at asking, and and 57% were sold over asking.

Days on Market for Town of Babylon, NY

How long does it take to sell a home in Town of Babylon, NY?

Breakdown of Home Sale Times

Under 30 Days27 Homes

30 – 90 Days39 Homes

Over 90 Days21 Homes

Insight

Avg time on Rocket Homes in Town of Babylon has remained consistent over time.

Summary: During February 2025, 87 homes were sold in Town of Babylon; 31% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
64 DaysThis YearFeb 2025
58 Days1 year agoFeb 2024
+8.8 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Town of Babylon had an average listing age of 64 days in Feb 2025, up by 8.8% compared to the previous year.

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Newest Listings in Town of Babylon, NY

What homes are available in Town of Babylon, NY?

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Based on information from OneKey MLS, and Columbia Greene Northern Dutchess Multiple Listing Service for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/9/2025, 8:12:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Columbia Greene Northern Dutchess Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/9/2025, 8:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.