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.
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
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
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
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.