Is East Hampton, 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, East Hampton was a Neutral Market.
Housing Prices in East Hampton, NY
How much do homes in East Hampton, NY cost?
Median Sold Price
$1,548,750
$856/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East Hampton was $1,548,750 in May 2024, up 1.6% from last year, and the median price per square foot was $856.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $620K | N/A |
2 Bedrooms | $950K | $1.1M | +23.7% |
3 Bedrooms | $1.2M | $1.2M | -2.0% |
4 Bedrooms | $1.7M | $1.7M | +3.2% |
5+ Bedrooms | $3.3M | $3.5M | +6.6% |
Summary: East Hampton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.7%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in East Hampton, NY
How many homes are available in East Hampton, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 73 | +9.0% |
Summary: The East Hampton real estate market had 73 homes for sale in May 2024, a 9.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 25 | 27 | +8.0% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The East Hampton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in East Hampton in May 2024, up by 400.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
103 Days | 175 Days | +70.4% |
Summary: Homes in East Hampton had an average of 175 days on market in May 2024, up by 70.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in East Hampton; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.