Is East Hampton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Hampton has remained a Buyer's Market.
Key Takeaway
East Hampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Hampton, NY
How much do homes in East Hampton, NY cost?
Median Sold Price
$1,530,000
$837/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in East Hampton have sold for 7.3% less than they did a year ago.
Summary: The median home sold price in East Hampton was $1,530,000 in March 2024, down 7.3% from last year, and the median price per square foot was $837.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $620K | N/A |
| 2 Bedrooms | $1.0M | $1.1M | +14.1% |
| 3 Bedrooms | $1.1M | $1.2M | +10.3% |
| 4 Bedrooms | $2.0M | $1.6M | -16.5% |
| 5+ Bedrooms | $3.3M | $3.5M | +3.7% |
Summary: East Hampton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 16.5%, and 5+ bedroom homes increased by 3.7%.
Housing Supply in East Hampton, NY
How many homes are available in East Hampton, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The East Hampton real estate market had 74 homes for sale in March 2024, a 1.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 26 | 29 | +11.5% |
| 4 Bedrooms | 25 | 25 | 0.0% |
| 5+ Bedrooms | 20 | 18 | -10.0% |
Summary: The East Hampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 7 | -22.2% |
Asking Price vs. Sold Price
4 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 East Hampton, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in East Hampton in March 2024, down by 22.2% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for East Hampton, NY
How long does it take to sell a home in East Hampton, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 78 Days | -30.5% |
Summary: Homes in East Hampton had an average of 78 days on market in Mar 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Hampton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in East Hampton; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% 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.