Is Westhampton, 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, Westhampton has remained a Buyer's Market.
Key Takeaway
Westhampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Westhampton, NY
How much do homes in Westhampton, NY cost?
Median Sold Price
$1,617,500
$561/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Westhampton have sold for 26.1% more than they did a year ago.
Summary: The median home sold price in Westhampton was $1,617,500 in March 2024, up 26.1% from last year, and the median price per square foot was $561.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $384.5K | $385K | 0.1% |
| 2 Bedrooms | $920.2K | $1.1M | +25.0% |
| 3 Bedrooms | $1.1M | $1.3M | +13.0% |
| 4 Bedrooms | $1.5M | $1.8M | +19.9% |
| 5+ Bedrooms | $1.9M | $2.0M | +0.9% |
Summary: Westhampton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Westhampton | $1.2M | $1.6M | +26.1% |
| Remsenburg & Speonk | $1.2M | $1.4M | +19.1% |
| East Quogue | $999.9K | $900K | -10.0% |
Housing Supply in Westhampton, NY
How many homes are available in Westhampton, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 49 | +16.7% |
Summary: The Westhampton real estate market had 49 homes for sale in March 2024, a 16.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 19 | 19 | 0.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Westhampton 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 increased by 33.3%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Westhampton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Westhampton in March 2024, up by 100.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Westhampton, NY
How long does it take to sell a home in Westhampton, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 104 Days | 167 Days | +60.4% |
Summary: Homes in Westhampton had an average of 167 days on market in Mar 2024, up by 60.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Westhampton has remained consistent over time.
Summary: During March 2024, 3 homes were sold in Westhampton; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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.