Is Westhampton Beach, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Westhampton Beach is a buyer's market

Buyer's
Market

Difference Since November 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

$1,800,000

$855/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$285,000(+18.8%)

Key Takeaway

Homes in Westhampton Beach have sold for 18.8% more than they did a year ago.

Summary: The median home sold price in Westhampton Beach was $1,800,000 in November 2024, up 18.8% from last year, and the median price per square foot was $855.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $242K$520K
+114.9%
2 $1.2M$999K
-19.3%
3 $1.0M$1.1M
+7.0%
4 $1.7M$2.5M
+47.8%
5+ $3.6M$2.8M
-22.9%

Summary: Westhampton Beach housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 114.9%, 2 bedroom homes decreased by 19.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 47.8%, and 5+ bedroom homes decreased by 22.9%.

Median Sold Price Compared To Nearby Cities

Westhampton Beach
+18.8%
Quogue
-1.0%

Housing Supply in Westhampton Beach, NY

How many homes are available in Westhampton Beach, NY?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8478-7.1%

Summary: The Westhampton Beach real estate market had 78 homes for sale in November 2024, a 7.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 76
-14.3%
2 1412
-14.3%
3 1110
-9.1%
4 1616
0.0%
5+ 3634
-5.6%

Summary: The Westhampton Beach housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

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 November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
34 Days40 Days+16.0%

Summary: Homes in Westhampton Beach had an average of 40 days on market in Nov 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Westhampton Beach are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Westhampton Beach; 57% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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