West Babylon, NY 11704 Real Estate Market Report

ZIP Code: 11704
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in West Babylon, NY is currently $639,000, reflecting a competitive market environment with consistent demand. The neighborhood has shown a price trend that is up, indicating a positive trajectory in property values. This upward movement in prices suggests a strengthening market, although the median days on market stands at 316, indicating a slower sales velocity compared to typical market conditions.

Inventory levels appear to be elevated, with excess supply relative to sales activity. This may indicate a potential pricing friction as sellers adjust expectations in response to the slower transaction volume. Overall, the market remains hot, supported by a robust rental sector where the median market rent is $3,245, further emphasizing the area's desirability and demand for housing.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in West Babylon, NY are averaging 6.58%, which is 0.26% higher than the average rate of 6.32% recorded last week.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $639,000 indicates a strong market value amidst rising prices.

2. With a median days on market of 316, the market is experiencing slower sales velocity, suggesting potential pricing adjustments.

3. The median listing price of $650,000 shows a notable gap compared to sold prices, indicating possible seller expectations that may need to align with market realities.

4. The median market rent of $3,245 highlights a strong rental market, contributing to overall housing demand in the area.

5. Current mortgage rates at 6.58% may exert elevated interest rate pressure, impacting buyer affordability and market dynamics.

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Notable Properties

The following 4 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.