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 February 2023

Since last year, Westhampton Beach has remained a Buyer'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.

Housing Prices in Westhampton Beach, NY

How much do homes in Westhampton Beach, NY cost?

Median Sold Price

$1,515,000

$862/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$85,000(-5.3%)

Key Takeaway

Homes in Westhampton Beach have sold for 5.3% less than they did a year ago.

Summary: The median home sold price in Westhampton Beach was $1,515,000 in February 2024, down 5.3% from last year, and the median price per square foot was $862.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $368.7K$340K
-7.8%
2 $1.2M$1.2M
-2.0%
3 $999.9K$1.1M
+13.8%
4 $2.2M$1.7M
-21.7%
5+ $3.4M$3.8M
+11.8%

Summary: Westhampton Beach housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 13.8%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Cities

Westhampton Beach
-5.3%
Quogue
-13.2%

Housing Supply in Westhampton Beach, NY

How many homes are available in Westhampton Beach, NY?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4856+16.7%

Summary: The Westhampton Beach real estate market had 56 homes for sale in February 2024, a 16.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 55
0.0%
2 44
0.0%
3 69
+50.0%
4 109
-10.0%
5+ 2329
+26.1%

Summary: The Westhampton Beach housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 26.1%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 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. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Westhampton Beach in February 2024, up by 50.0% month-over-month. Of the 3 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

Feb 2023Feb 2024CHANGE
108 Days226 Days+109.3%

Summary: Homes in Westhampton Beach had an average of 226 days on market in Feb 2024, up by 109.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westhampton Beach are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 3 homes were sold in Westhampton Beach; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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