Is Westhampton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
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.
Housing Prices in Westhampton Beach, NY
How much do homes in Westhampton Beach, NY cost?
Median Sold Price
$1,625,000
$950/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Westhampton Beach have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Westhampton Beach was $1,625,000 in May 2024, down 1.5% from last year, and the median price per square foot was $950.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $419K | $340K | -18.9% |
| 2 Bedrooms | $1.3M | $900K | -31.2% |
| 3 Bedrooms | $1.0M | $1.4M | +36.0% |
| 4 Bedrooms | $2.2M | $2.1M | -4.5% |
| 5+ Bedrooms | $3.8M | $2.9M | -21.1% |
Summary: Westhampton Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 31.2%, 3 bedroom homes increased by 36%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
| Westhampton Beach | $1.6M | $1.6M | -1.5% |
| Quogue | $2.6M | $2.3M | -9.3% |
Housing Supply in Westhampton Beach, NY
How many homes are available in Westhampton Beach, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 75 | 85 | +13.3% |
Summary: The Westhampton Beach real estate market had 85 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Westhampton Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Westhampton Beach, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Westhampton Beach in May 2024, up by 133.3% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 143 Days | 88 Days | -38.6% |
Summary: Homes in Westhampton Beach had an average of 88 days on market in May 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Westhampton Beach are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Westhampton Beach; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% 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.