Is Hampton Bays, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hampton Bays was a Neutral Market.
Key Takeaway
Hampton Bays is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hampton Bays, NY
How much do homes in Hampton Bays, NY cost?
Median Sold Price
$800,000
$570/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hampton Bays have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Hampton Bays was $800,000 in March 2024, up 2.7% from last year, and the median price per square foot was $570.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $503K | $292.2K | -41.9% |
| 2 Bedrooms | $625K | $650K | +4.0% |
| 3 Bedrooms | $764K | $810K | +6.0% |
| 4 Bedrooms | $972.5K | $980K | +0.8% |
| 5+ Bedrooms | $900K | $1.0M | +19.4% |
Summary: Hampton Bays housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.9%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Shinnecock Hills | $1.4M | $1.5M | +7.1% |
| Hampton Bays | $778.7K | $800K | +2.7% |
| Town of Southampton | $998.6K | $1.0M | +2.6% |
| East Quogue | $999.9K | $900K | -10.0% |
Housing Supply in Hampton Bays, NY
How many homes are available in Hampton Bays, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 97 | +14.1% |
Summary: The Hampton Bays real estate market had 97 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 13 | 16 | +23.1% |
| 3 Bedrooms | 35 | 39 | +11.4% |
| 4 Bedrooms | 19 | 20 | +5.3% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The Hampton Bays housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hampton Bays, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Hampton Bays in March 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Hampton Bays, NY
How long does it take to sell a home in Hampton Bays, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 114 Days | 79 Days | -30.5% |
Summary: Homes in Hampton Bays had an average of 79 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
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hampton Bays are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Hampton Bays; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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