Is Westhampton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Westhampton Beach was a Neutral Market.
Housing Prices in Westhampton Beach, NY
How much do homes in Westhampton Beach, NY cost?
Median Sold Price
$1,965,000
$966/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Westhampton Beach was $1,965,000 in June 2024, up 28.9% from last year, and the median price per square foot was $966.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $582.5K | $287.5K | -50.6% |
2 Bedrooms | $1.2M | $1.1M | -8.1% |
3 Bedrooms | $1.0M | $1.4M | +32.8% |
4 Bedrooms | $2.1M | $2.4M | +14.3% |
5+ Bedrooms | $3.8M | $3.1M | -18.3% |
Summary: Westhampton Beach housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.6%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 32.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Cities
Westhampton Beach | $1.5M | $1.9M | +28.9% |
Quogue | $2.6M | $2.5M | -1.9% |
Housing Supply in Westhampton Beach, NY
How many homes are available in Westhampton Beach, NY?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
81 | 87 | +7.4% |
Summary: The Westhampton Beach real estate market had 87 homes for sale in June 2024, a 7.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 18 | 20 | +11.1% |
5+ Bedrooms | 34 | 38 | +11.8% |
Summary: The Westhampton Beach housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Westhampton Beach in June 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
92 Days | 79 Days | -14.5% |
Summary: Homes in Westhampton Beach had an average of 79 days on market in Jun 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 7 homes were sold in Westhampton Beach; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.