Is Westhampton Beach, 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 Beach has remained a Buyer's Market.
Housing Prices in Westhampton Beach, NY
How much do homes in Westhampton Beach, NY cost?
Median Sold Price
$1,575,000
$862/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Westhampton Beach was $1,575,000 in March 2024, down 3.1% from last year, and the median price per square foot was $862.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $419K | $350K | -16.5% |
2 Bedrooms | $1.0M | $1.2M | +13.7% |
3 Bedrooms | $999.9K | $1.1M | +13.8% |
4 Bedrooms | $2.2M | $2.2M | -2.9% |
5+ Bedrooms | $3.5M | $3.5M | -0.6% |
Summary: Westhampton Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.5%, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Westhampton Beach, NY
How many homes are available in Westhampton Beach, NY?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 72 | +28.6% |
Summary: The Westhampton Beach real estate market had 72 homes for sale in March 2024, a 28.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The Westhampton Beach 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Westhampton Beach in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Westhampton Beach, NY
How long does it take to sell a home in Westhampton Beach, NY?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 290 Days | +575.6% |
Summary: Homes in Westhampton Beach had an average of 290 days on market in Mar 2024, up by 575.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 4 homes were sold in Westhampton Beach; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.