Is Westhampton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Westhampton Beach was a Neutral 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
$1,427,500
$899/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Westhampton Beach have sold for 17.2% less than they did a year ago.
Summary: The median home sold price in Westhampton Beach was $1,427,500 in April 2024, down 17.2% from last year, and the median price per square foot was $899.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $434.5K | $340K | -21.7% |
| 2 Bedrooms | $1.2M | $1.0M | -19.0% |
| 3 Bedrooms | $1.0M | $1.1M | +5.8% |
| 4 Bedrooms | $2.4M | $1.9M | -17.7% |
| 5+ Bedrooms | $3.8M | $3.1M | -17.8% |
Summary: Westhampton Beach housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 17.7%, and 5+ bedroom homes decreased by 17.8%.
Housing Supply in Westhampton Beach, NY
How many homes are available in Westhampton Beach, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 80 | +17.6% |
Summary: The Westhampton Beach real estate market had 80 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 29 | 33 | +13.8% |
Summary: The Westhampton Beach housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 13.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westhampton Beach, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Westhampton Beach in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 120 Days | 65 Days | -46.2% |
Summary: Homes in Westhampton Beach had an average of 65 days on market in Apr 2024, down by 46.2% 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
Key Takeaway
Many homes in Westhampton Beach are selling fast, if you're buying plan to act quickly.
Summary: During April 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.
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.