Is East Hampton, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Hampton is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, East Hampton has remained a Seller's Market.

Key Takeaway

East Hampton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Hampton, CT

How much do homes in East Hampton, CT cost?

Median Sold Price

$358,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$9,000(+2.6%)

Key Takeaway

Homes in East Hampton have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in East Hampton was $358,000 in August 2024, up 2.6% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $180K$187.5K
+4.2%
2 $223.5K$241.7K
+8.2%
3 $357K$355K
-0.6%
4 $432.5K$476.9K
+10.3%
5+ $346K$505K
+46.0%

Summary: East Hampton housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 8.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 46%.

Median Sold Price Compared To Nearby Cities

Portland
+15.0%
East Hampton
+2.6%
Moodus
-2.4%

Housing Supply in East Hampton, CT

How many homes are available in East Hampton, CT?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
49490.0%

Summary: The East Hampton real estate market had 49 homes for sale in August 2024, the same as July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 2224
+9.1%
4 1718
+5.9%
5+ 31
-66.7%

Summary: The East Hampton housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Hampton, you could pay more than the asking price. 64.3% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in East Hampton in August 2024, down by 12.5% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.

Days on Market for East Hampton, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in East Hampton, CT

Nearby Markets to East Hampton, CT

What housing markets are near East Hampton, CT?