West Babylon, NY 11704 Real Estate Market Report

ZIP Code: 11704
Report Date: May 2026
Market Temperature: HOT
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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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 11704 are averaging 6.3%, which is 0.43% higher than the 5.87% average observed in February 2026.

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 primary market value signal is the median sold price of $649,000, which represents the most reliable indicator of recent transaction levels; the gap between the median listing price of $699,999 and the median sold price may indicate pricing friction between seller expectations and realized transactions.

2. The market is currently hot with price momentum: year-over-year price trend is up and rent year-over-year trend is also up, supporting both short-term resale strength and rising rental demand.

3. Liquidity appears muted on a per-listing basis: the median days on market is 317, which suggests slower sales velocity even as the sample indicates relatively constrained active supply; this combination may result in longer negotiation windows rather than immediate bid wars. 317 days on market should be treated as a signal of extended time to close for many listings.

4. Financing and affordability dynamics warrant caution: interest rate pressure is moderate, and current local 30-year fixed mortgage rates are 6.3%, which is 0.43% higher than the 5.87% average observed in February 2026; this may temper buyer purchasing power despite the hot market. moderate interest rate pressure suggests sensitivity to rate movements.

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Notable Properties

The following 7 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.