$7,250,000
8 Beds
•9 Full Baths, 3 Partial
Listing Office: Douglas Elliman Real Estate
Is Town of Southampton, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Town of Southampton was a Neutral Market.
Key Takeaway
Town of Southampton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Town of Southampton, NY
How much do homes in Town of Southampton, NY cost?
Median Sold Price
$1,126,200
$637/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$113,667(+11.2%)
Key Takeaway
Homes in Town of Southampton have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Town of Southampton was $1,126,200 in October 2024, up 11.2% from last year, and the median price per square foot was $637.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $348K | $529K | +52.0% |
| 2 Bedrooms | $680K | $735K | +8.1% |
| 3 Bedrooms | $899.5K | $900K | 0.1% |
| 4 Bedrooms | $1.3M | $1.5M | +9.1% |
| 5+ Bedrooms | $2.9M | $3.3M | +12.3% |
Summary: Town of Southampton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 0.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Shinnecock Hills | $1.2M | $1.6M | +35.0% |
| Hampton Bays | $765K | $861.7K | +12.6% |
| Town of Southampton | $1.0M | $1.1M | +11.2% |
Housing Supply in Town of Southampton, NY
How many homes are available in Town of Southampton, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 554 | 587 | +6.0% |
Summary: The Town of Southampton real estate market had 587 homes for sale in October 2024, a 6.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 13 | +8.3% |
| 2 Bedrooms | 64 | 73 | +14.1% |
| 3 Bedrooms | 147 | 153 | +4.1% |
| 4 Bedrooms | 161 | 170 | +5.6% |
| 5+ Bedrooms | 170 | 178 | +4.7% |
Summary: The Town of Southampton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 55 | +12.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Town of Southampton, you may be able to get a good deal. 70.9% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Town of Southampton in October 2024, up by 12.2% month-over-month. Of the 55 sold homes, 71% were sold under asking, 9% were sold at asking, and 20% were sold over asking.
Days on Market for Town of Southampton, NY
How long does it take to sell a home in Town of Southampton, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 106 Days | 93 Days | -12.7% |
Summary: Homes in Town of Southampton had an average of 93 days on market in Oct 2024, down by 12.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Town of Southampton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 55 homes were sold in Town of Southampton; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally