Is Town of Southampton, 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, Town of Southampton has remained a Buyer's Market.
Key Takeaway
Town of Southampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Town of Southampton, NY
How much do homes in Town of Southampton, NY cost?
Median Sold Price
$1,024,999
$594/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Town of Southampton have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Town of Southampton was $1,024,999 in March 2024, up 2.6% from last year, and the median price per square foot was $594.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $419K | $358K | -14.6% |
| 2 Bedrooms | $677.4K | $675K | -0.4% |
| 3 Bedrooms | $825K | $910K | +10.3% |
| 4 Bedrooms | $1.4M | $1.4M | -1.9% |
| 5+ Bedrooms | $2.7M | $2.7M | -1.3% |
Summary: Town of Southampton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 1.3%.
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% |
Housing Supply in Town of Southampton, NY
How many homes are available in Town of Southampton, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 424 | 492 | +16.0% |
Summary: The Town of Southampton real estate market had 492 homes for sale in March 2024, a 16.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 45 | 51 | +13.3% |
| 3 Bedrooms | 106 | 125 | +17.9% |
| 4 Bedrooms | 125 | 141 | +12.8% |
| 5+ Bedrooms | 138 | 163 | +18.1% |
Summary: The Town of Southampton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 18.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 23 | -11.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Town of Southampton, you may be able to get a good deal. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Town of Southampton in March 2024, down by 11.5% month-over-month. Of the 23 sold homes, 70% were sold under asking, 13% were sold at asking, and 17% were sold over asking.
Days on Market for Town of Southampton, NY
How long does it take to sell a home in Town of Southampton, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 106 Days | 140 Days | +31.1% |
Summary: Homes in Town of Southampton had an average of 140 days on market in Mar 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Town of Southampton are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 23 homes were sold in Town of Southampton; 22% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 43% 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