Is East Hampton, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Hampton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, East Hampton was a Neutral 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

$1,585,000

$824/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,500(+1.6%)

Key Takeaway

Homes in East Hampton have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in East Hampton was $1,585,000 in October 2024, up 1.6% from last year, and the median price per square foot was $824.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $620K-
N/A
2 $880K$1.5M
+73.9%
3 $1.1M$1.3M
+14.5%
4 $1.9M$1.7M
-9.7%
5+ $3.3M$3.5M
+3.9%

Summary: East Hampton housing prices by bedroom type for October 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 14.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes increased by 3.9%.

Housing Supply in East Hampton, NY

How many homes are available in East Hampton, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7584+12.0%

Summary: The East Hampton real estate market had 84 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 2327
+17.4%
4 3132
+3.2%
5+ 1720
+17.6%

Summary: The East Hampton housing inventory by bedroom type for October 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 17.4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Hampton, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in East Hampton in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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

Oct 2023Oct 2024CHANGE
68 Days78 Days+14.3%

Summary: Homes in East Hampton had an average of 78 days on market in Oct 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Hampton has remained consistent over time.

Summary: During October 2024, 5 homes were sold in East Hampton; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 40% 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 20 Days Ago

Newest Listings in East Hampton, NY

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