Town of Babylon Sold Homes Report – January 2019

The Homes Sold Report tells the story of the residential real estate market in each community in the Town of Babylon for the month ending January 31, 2019.  Comprised of towns, villages and hamlets, the Town of Babylon Homes Sold Report summarizes the activity in each community.

Amityville Sold Homes

In Amityville there were 15 sold homes.  The highest sold home was on the market for 22 days, and was sold for $599,000.  The lowest sold home was on the market for 4 days and sold for $190,000.  22 homes were listed in January with a median list price of $399,945.  At the end of January there was 4.3 months supply of homes available.

  • Year to Year Comparison Net Change
  • Active+7.69%
  • # Contracts+18.18%
  • # Closed-26.32%
  • Absorption Time?+16.07% Currently 4.3 months
  • Average Sold Price+14.02% Currently $358,660
  • Median Sold Price+16.24% Currently $360,000                                                                                * 12 month comparison period

Babylon Homes Sold

In Babylon 4 homes sold during January.  The highest sold home was on the market for 12 days and sold at the original list price of $590,000.  The lowest home sold was on the market for 93 days and sold for $350,000.  22 homes were listed in January with a median list price of $509,495.  At the end of January there was 5.2 months supply of inventory.

  • Year to Year Comparison Net Change
  • Active-4.08%
  • # Contracts+50.00%
  • # Closed-33.33%
  • Absorption Time?+53.19% Currently 5.2 months
  • Average Sold Price+17.26% Currently $443,750
  • Median Sold Price+23.91% Currently $417,500

* 12 month comparison period

Copiague Homes Sold

16 homes sold in Copiague during January.  Of the 16 homes, the highest sold home was on the market for 63 days.  With an original list price of $460,000, it sold above asking for $480,749.  The lowest sold home was on the market for 281 days and sold for $160,000.  19 homes were listed in January with a median list price of $424,995 and there was 5.1 month supply of inventory available.

  • Year to Year Comparison Net Change
  • Active-5.56%
  • # Contracts-9.09%
  • # Closed+23.08%
  • Absorption Time?-1.96% Currently 5.1 months
  • Average Sold Price+7.91% Currently $359,359
  • Median Sold Price+8.17% Currently $365,000

* 12 month comparison period

 

Deer Park Homes Sold

In Deer Park 21 homes sold.  The highest of which sold for $582,000 after being on the market for 211 days.  The lowest home sold for $225,000 and was on the market for 38 days.  22 homes were listed in January with a median list price of $422,400 with a 5.5 months supply of available inventory.

  • Year to Year Comparison Net Change
  • Active+25.00%
  • # Contracts-23.08%
  • # Closed-8.70%
  • Absorption Time?-45.45% Currently 5.5 months
  • Average Sold Price+7.08% Currently $367,251
  • Median Sold Price+8.60% Currently $355,000

* 12 month comparison period

Lindenhurst Homes Sold

28 homes sold in Lindenhurst during January.  The highest sold home was an 8 unit, 1 bedroom, 1 bath garden apartment complex.  With an original list price of 1,700,000, it was on the market for 40 days and sold above asking for $1,850,000.  40 homes were listed in January with a median list price of $389,945.   At the end of January there was 2.5 months supply of inventory available.

  • Year to Year Comparison Net Change
  • Active-8.41%
  • # Contracts+60.00%
  • # Closed-25.00%
  • Absorption Time?+63.27% Currently 2.5 months
  • Average Sold Price+12.91% Currently $396,444
  • Median Sold Price-1.93% Currently $335,000

* 12 month comparison period

North Babylon Homes Sold

In North Babylon, 13 homes sold.  The highest sold home was on the market for 46 days and sold at the original list price of $499,999.  The lowest sold home was on the market for 13 days and sold for $220,000.  13 homes were listed in January with a median list price of $419,495.  At the end of January there was 1.1 months supply of available inventory.

  • Year to Year Comparison Net Change
  • Active-30.43%
  • # Contracts 0.00%
  • # Closed+18.18%
  • Absorption Time?+75.00% Currently 1.1 months
  • Average Sold Price+0.01% Currently $385,384
  • Median Sold Price+3.91% Currently $385,000

West Babylon Homes Sold

20 homes sold in West Babylon during January.  On the market for 53 days, the highest sale price was $513,000.  The lowest home sold was on the market for 11 days and sold for $175,000.  40 homes were listed in January with a median list price of $388,000.  At the end of January there was 2.9 months supply of inventory available.

  • Year to Year Comparison Net Change
  • Active+77.78%
  • # Contracts+40.00%
  • # Closed+42.86%
  • Absorption Time?-30.00% Currently 2.9 months
  • Average Sold Price-0.94% Currently $394,625
  • Median Sold Price+1.89% Currently $400,000

* 12 month comparison period

Wheatley Heights Homes Sold

There were no homes sold in Wheatley Heights during January.  4 homes were listed in January with a median list price of $430,450. At the end of January there was 6.5 months supply of inventory.

 

  • Year to Year Comparison Net Change
  • Active-18.75%
  • # Contracts-33.33%
  • # Closed-100.00%
  • Absorption Time?-23.08% Currently 6.5 months
  • Average Sold Price-100.00% Currently $0
  • Median Sold Price-100.00% Currently $0

* 12 month comparison period

Wyandanch Homes Sold

7 homes sold in Wyandanch during the month of January.  The highest sold home was on the market for 83 days, had an original list price of $319,000 and sold above asking for $320,000.  The lowest sold home was on the market for 59 days and sold for $190,000.  16 homes were listed in January with a median list price of $269,900.  At the end of January there was 2.2 months supply of available inventory.

  • Year to Year Comparison Net Change
  • Active+3.70%
  • # Contracts+160.00%
  • # Closed+133.33%
  • Absorption Time?+132.14% Currently 2.2 months
  • Average Sold Price+32.60% Currently $278,416
  • Median Sold Price+53.88% Currently $299,918

* 12 month comparison period

https://www.townofbabylon.com/index.aspx?NID=325

 

 

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