Is Westhampton Beach, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westhampton Beach is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Westhampton Beach was a Seller's Market.

Key Takeaway

Westhampton Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Westhampton Beach, NY cost?

Median Sold Price

$1,405,000

$848/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$244,375(+21.1%)

Key Takeaway

Homes in Westhampton Beach have sold for 21.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $365K$386.2K
+5.8%
2 $872.7K$685K
-21.5%
3 $925K$963K
+4.1%
4 $1.6M$2.9M
+81.8%
5+ $3.9M$3.5M
-10.3%

Median Sold Price Compared To Nearby Cities

Westhampton Beach
+21.1%
Quogue
+3.4%

How many homes are available in Westhampton Beach, NY?

Number of Homes For Sale

Oct 2022Nov 2022%
51510.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 77
0.0%
2 1010
0.0%
3 55
0.0%
4 99
0.0%
5+ 2020
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Westhampton Beach, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
57 Days96 Days+69.2%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Westhampton Beach are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Westhampton Beach, NY

Westhampton Beach, NY has 51 homes on the market. In November 2022, listings were on the market for 96 days. During the same period, the median list price in this real estate market was $1,405,000. Real estate listing prices changed between October 2022 and November 2022: prices of 1 bedroom properties increased by 5.8%, prices of 2 bedrooms properties went down by 21.5%, 3 bedrooms properties prices increased by 4.1%, prices of 4 bedrooms properties increased by 81.8%, the cost of 5 bedrooms properties went down by 10.3%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes did not move, 4 bedrooms homes did not move, 5 bedrooms homes did not move. While more than 2 listings in Westhampton Beach, NY in November 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 3 were sold below.

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