Property prices for sale in Babylon (New York)
The prices in real estate in Babylon, in the New York region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Babylon has increased during the last 6 months. In March, the average price per sq.feet was $357. In April this price pretty much remained the same at a value of $346 per sq.feet. In the following two months the price per sq.feet has increased 110 %, going from $351.5 to $388 per sq.feet. The price per sq.feet has increased 108 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $369.75 to $397.5 during July, and August.
Based upon to the price in Babylon (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is $764,974. In April This price remains at $773,739. During the following two months (May, June) the average price had a considerable increase of 137 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 107 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $967,493 they are 52 % more affordable than the average price for Babylon. The properties with the lowest average price have 4 bedrooms, Their price is 24 % cheaper than the average. After that we have properties with 3 bedrooms priced at $614,813.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $239 / sq.feet, with an average $385 / sq.feet price in Babylon. The properties with the highest average prices have 1 bedroom. They are 23 % more expensive than the average followed by properties with 2 bedrooms with a price at $265 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $967,493 it is 41 % cheaper than the average price in Babylon. "House" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Condo". At a price of $568,418 it is 33 % more affordable than the average price.
According to the average cost per sq.feet, the cheapest property type is "House" at an average cost of $258 / sq.feet followed by "Condo" priced at $310 / sq.feet. "Condo" is the cheapest type of property with a $310 / sq.feet value followed by "House" with an average price of $258 / sq.feet.
