$5,995,000
5,400 SqFt
7 Beds
•6 Full Baths, 2 Partial
Listing Office: Douglas Elliman Real Estate
Is East Hampton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, East Hampton has remained a Buyer's Market.
Key Takeaway
East Hampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Hampton, NY
How much do homes in East Hampton, NY cost?
Median Sold Price
$1,571,250
$855/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$28,750(-1.8%)
Key Takeaway
Homes in East Hampton have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in East Hampton was $1,571,250 in September 2024, down 1.8% from last year, and the median price per square foot was $855.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $620K | N/A |
| 2 Bedrooms | $880K | $1.5M | +73.9% |
| 3 Bedrooms | $1.1M | $1.3M | +15.2% |
| 4 Bedrooms | $1.8M | $1.8M | -3.9% |
| 5+ Bedrooms | $3.3M | $3.5M | +4.3% |
Summary: East Hampton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 73.9%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 4.3%.
Housing Supply in East Hampton, NY
How many homes are available in East Hampton, NY?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 79 | +12.9% |
Summary: The East Hampton real estate market had 79 homes for sale in September 2024, a 12.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 23 | 30 | +30.4% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The East Hampton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 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 East Hampton, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in East Hampton in September 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for East Hampton, NY
How long does it take to sell a home in East Hampton, NY?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 74 Days | 83 Days | +12.6% |
Summary: Homes in East Hampton had an average of 83 days on market in Sep 2024, up by 12.6% 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 East Hampton are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in East Hampton; 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.