Is Southampton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southampton was a Seller's Market.
Key Takeaway
Southampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southampton, NY
How much do homes in Southampton, NY cost?
Median Sold Price
$1,315,000
$696/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Southampton have sold for 7.7% less than they did a year ago.
Summary: The median home sold price in Southampton was $1,315,000 in May 2024, down 7.7% from last year, and the median price per square foot was $696.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $750K | +114.3% |
| 2 Bedrooms | $975K | $887.5K | -9.0% |
| 3 Bedrooms | $1.2M | $1.1M | -7.1% |
| 4 Bedrooms | $1.7M | $1.4M | -18.3% |
| 5+ Bedrooms | $4.2M | $4.5M | +7.8% |
Summary: Southampton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.3%, 2 bedroom homes decreased by 9%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 18.3%, and 5+ bedroom homes increased by 7.8%.
Housing Supply in Southampton, NY
How many homes are available in Southampton, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 92 | 105 | +14.1% |
Summary: The Southampton real estate market had 105 homes for sale in May 2024, a 14.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 34 | 39 | +14.7% |
Summary: The Southampton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 14.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southampton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Southampton in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Southampton, NY
How long does it take to sell a home in Southampton, NY?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 113 Days | 132 Days | +16.5% |
Summary: Homes in Southampton had an average of 132 days on market in May 2024, up by 16.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Southampton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 6 homes were sold in Southampton; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally