Babylon NY Housing Values March 2014
by Jackie Connelly-Fornuff with Century 21 AA Realty of Lindenhurst (631) 703-0201
In March 2014, the Babylon NY real estate market median sales price was $361,000 up 8.08%% from March 2013. From January 2014 to March 2014 the median sales price is $370,000.
The highest recent house sale in Babylon NY for 2014 is $875,000 for a 6 bedroom, 11 room Colonial with 4 full bathrooms on Thompson Avenue. Six homes went under contract during March 2014 which is up 100% from this time last year. This is due to decreasing available homes on the market and buyers are experiencing tight negotiating and a colder than normal winter has also played a factor in the decrease of inventory. The Babylon NY housing market has been in a seller’s market for over six months so expect to pay close to or at asking price for a move-in condition home.
Single Family Homes Data
March 2014 March 2013 % Change
Median Sold Price $361,000 $334,000 +8.08%
Average Days on Market 79 480 -83.6%
List Price/Sold Price Ratio 1% 6% -83.3%
# of Contracts Signed 6 3 +100%
# of Homes Available 44 86 -48.83%
Call Jackie today (631) 703-0201 to find out what your Babylon NY home is worth in today's real estate market.