HAMPTONS THE Craft OF Research 53BAYAVENUE.COM YEAR-END RESIDENTIAL MARKET REPORT
2 1. Cover 2. Table of Contents 3. Message from our Executive Managing Director HAMPTONS 4. Number of Sales: 10-year comparison 5. Total Dollar Volume: 10-year comparison Average and Median Prices: 10-year comparison 6. Average and Median Prices: Hamptons East vs. Hamptons West 7. Dollar Volume by Area Number of Sales by Area 8. Percentage of Sales by Price – East and West of the Shinnecock Canal 9. Number of South Fork Sales by Price - 2024 vs. 2023 10 - 12. Town/Hamlet Summaries: East of the Shinnecock Canal 13 - 15. Town/Hamlet Summaries: West of the Shinnecock Canal NORTH FORK 16. Number of Sales: 5-year comparison Average and Median Prices: 5-year comparison 17. Percentage of Sales by Price Total Dollar Volume: 5-year comparison 18 - 20. T own/Hamlet Summaries (Average and Median Prices, Number of Sales, Price Categories) Hamptons + North Fork Market Report YEAR-END 2024
14FORDUNEDR.COM Message from Robert M. Nelson Executive Managing Director Brown Harris Stevens of the Hamptons, LLC 2024 HAMPTONS MARKET REVIEW In 2024, the Hamptons real estate market demonstrated notable growth. The total number of sales increased by 2%, rising from 1,522 in 2023 to 1,553 in 2024. Correspondingly, the dollar volume saw a 3.4% increase, reaching $4.86 billion. The average sale price, while posting a modest increase, achieved an all-time high of $3.13 million. The median price, which reflects the middle of the market, rose by 7%, also setting a new record. EAST OF THE CANAL: The average sold price experienced a 1% increase from the previous year, settling just under $3.8 million. WEST OF THE CANAL: There was a significant 9.5% increase in the average sold price, reaching $1.76 million, as lower-priced homes became scarcer. HIGH-END MARKET: The number of homes sold over $10 million rose by 16.7%, with 77 sales compared to 66 in the prior year. Additionally, there was a nearly 32% increase in homes priced between $5 million and $10 million, with 166 sales versus 126 the previous year. NORTH FORK: While the number of closings dipped 2.2% from 2023, an 8.6% increase in the average price helped bring the total dollar volume up 6.2% to $509 million. The Eastern end of Long Island continues to exhibit strong demand, driven by its desirable lifestyle, beautiful beaches, proximity to New York City, and preserved open spaces. We anticipate this trend will persist.
4 Data for this report is sourced from SuffolkVision.com, East End LI, and OneKey MLS, and references single-family residential real estate transactions. 2024 data is preliminary and subject to revision in future reports. 2.0% 2,133 1,947 2,150 2,107 1,743 2,509 2,642 2,040 1,522 1,553 0 500 1,000 1,500 2,000 2,500 3,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Hamptons Market Report YEAR-END 2024 • The number of sales in the Hamptons ticked up 2% in 2024 to 1,553. • The average price posted a small increase, reaching a record $3.13 million. • The median price—which measures the middle of the market—was 7% higher than during 2023 and also hit a new high. • At $4.86 billion, the total dollar volume of sales was 3.4% higher than the prior year. TOTAL NUMBER OF SALES NUMBER OF SALES 2024 VS. 2023 3.4% DOLLAR VOLUME 2024 VS. 2023 1.3% AVERAGE SOLD PRICE 2024 VS. 2023
5 Hamptons Market Report YEAR-END 2024 TOTAL DOLLAR VOLUME RISES 3.4% TO $4.86 BILLION $4.15B $3.59B $3.92B $3.99B $3.29B $5.89B $7.40B $6.19B $4.70B $4.86B $0.00B $1.00B $2.00B $3.00B $4.00B $5.00B $6.00B $7.00B $8.00B 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 NEW RECORDS SET FOR BOTH THE AVERAGE AND MEDIAN SALES PRICES Average Price Median Price $1.94M $1.84M $1.82M $1.90M $1.89M $2.35M $2.80M $3.03M $3.09M $3.13M $988K $950K $988K $995K $995K $1.35M $1.60M $1.73M $1.78M $1.90M $000 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
6 Hamptons Market Report YEAR-END 2024 East of the Canal = Southampton to Montauk. West of the Canal = Remsenburg/Speonk to Hampton Bays. AVERAGE SOLD PRICE 2024 2023 % CHANGE All Hamptons $3,132,344 $3,090,856 1.3% East of the Canal $3,791,468 $3,753,236 1.0% West of the Canal $1,760,478 $1,608,252 9.5% MEDIAN SOLD PRICE 2024 2023 % CHANGE All Hamptons $1,900,000 $1,775,000 7.0% East of the Canal $2,400,000 $2,150,000 11.6% West of the Canal $1,090,000 $999,000 9.1% BHSID 915898 30HAMPTONST.COM
7 $887M $1,135M $615M $1,214M $557M $457M $200M $400M $600M $800M $1,000M $1,200M $1,400M Westhampton Area Southampton Area Sag Harbor Area East Hampton Area Bridgehampton Area Amagansett/Montauk NUMBER OF SALES BY AREA Hamptons Market Report YEAR-END 2024 DOLLAR VOLUME BY AREA • The Westhampton area accounted for 32.5% of closings in 2024, the most of any market area. • With $1.2 billion in transactions, the East Hampton market comprised 25.0% of the dollar volume of sales. 7.7% 119 SALES 23.6% 367 SALES 13.3% 207 SALES 5.2% 80 SALES 17.8% 276 SALES 32.5 % 504 SALES
8 0.7% 8.5% 32.4% 18.5% 19.6% 13.3% 7.0% Hamptons Market Report YEAR-END 2024 Hamptons East of the Shinnecock Canal Homes priced between $1 million and $2 million represented the highest percent of sales at 32.4%. PERCENTAGE OF SALES BY PRICE 4.2% 44.4% 28.8% 10.9% 5.8% 5.2% 0.8% Hamptons West of the Shinnecock Canal The most popular price range remained between $500,000 and $1 million, which accounted for 44.4% of all sales. 0 to 500K 7 Sales 0.7% >500K-1M 89 Sales 8.5% >1M-2M 340 Sales 32.4% >2M-3M 194 Sales 18.5% >3M-5M 206 Sales 19.6% >5M-10M 140 Sales 13.3% >10M 73 Sales 7.0% 0 to 500K 21 Sales 4.2% >500K-1M 224 Sales 44.4% >1M-2M 145 Sales 28.8% >2M-3M 55 Sales 10.9% >3M-5M 29 Sales 5.8% >5M-10M 26 Sales 5.2% >10M 4 Sales 0.8%
9 44 352 473 258 203 126 66 28 313 485 249 235 166 77 0 100 200 300 400 500 0-500K >500K-1M >1M-2M >2M-3M >3M-5M >5M-10M >10M Hamptons Market Report YEAR-END 2024 • Due in part to rising mortgage rates, sales fell sharply in 2024 for homes prices under $1 million. • The biggest increases in sales were posted by homes priced above $5 million. SOUTH FORK SALES BY PRICE: 2024 VS. 2023 2024 2023 -36.4% -11.1% 2.5% -3.5% 15.8% 31.7% 16.7%
10 AMAGANSETT BRIDGEHAMPTON EAST HAMPTON EAST HAMPTON VILLAGE MONTAUK Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $5,102,116 $4,047,500 48 1 1 5 9 14 11 7 2023 $3,648,361 $2,950,000 44 0 3 9 11 11 9 1 2022 $5,529,676 $4,000,000 56 0 7 5 8 13 17 6 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $5,938,443 $4,235,000 53 0 1 5 10 14 12 11 2023 $6,042,163 $3,650,000 49 0 1 7 12 12 10 7 2022 $5,541,586 $3,700,000 81 0 6 11 14 16 22 12 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,151,823 $1,800,000 291 1 31 140 65 43 10 1 2023 $2,249,176 $1,685,000 317 3 47 146 64 46 8 3 2022 $2,522,955 $1,774,944 411 4 51 177 97 60 15 7 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $7,695,826 $5,750,000 59 0 1 6 7 14 14 17 2023 $11,543,999 $4,200,000 43 0 0 11 7 6 5 14 2022 $6,960,154 $4,050,000 54 0 0 9 10 13 15 7 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,982,267 $2,100,000 71 1 3 30 15 11 10 1 2023 $2,490,538 $1,475,000 67 6 13 23 11 7 4 3 2022 $2,983,818 $1,912,500 88 5 10 36 15 10 9 3 Hamptons YEAR-END 2024 SINGLE-FAMILY HOMES - EAST OF THE SHINNECOCK CANAL
11 NORTH HAVEN SAG HARBOR SAG HARBOR VILLAGE SAGAPONACK SHELTER ISLAND Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $5,813,583 $4,600,000 24 0 0 2 3 9 6 4 2023 $4,704,111 $3,650,000 18 0 0 2 5 7 2 2 2022 $5,473,750 $4,120,000 36 0 2 9 3 6 12 4 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,469,463 $1,675,000 75 1 10 32 10 13 9 0 2023 $2,515,585 $1,650,000 72 1 15 27 9 11 9 0 2022 $2,097,561 $1,579,500 102 0 21 48 16 10 7 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,992,977 $2,250,000 58 1 4 18 16 12 6 1 2023 $2,687,423 $2,025,000 52 0 5 21 11 8 6 1 2022 $3,201,118 $2,475,000 85 0 6 29 18 24 4 4 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $8,971,815 $7,650,000 27 0 0 3 2 4 8 10 2023 $7,780,251 $6,600,000 24 1 0 0 2 7 9 5 2022 $6,710,143 $4,700,000 28 0 1 3 6 5 10 3 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,329,280 $1,957,500 50 1 4 22 14 8 0 1 2023 $2,230,306 $1,325,000 41 1 11 16 8 1 3 1 2022 $1,872,397 $1,565,000 55 4 15 19 8 8 1 0 Hamptons YEAR-END 2024 SINGLE-FAMILY HOMES - EAST OF THE SHINNECOCK CANAL
12 SOUTHAMPTON SOUTHAMPTON VILLAGE WAINSCOTT WATER MILL Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,588,068 $1,972,500 160 1 29 53 24 42 9 2 2023 $2,291,451 $1,700,000 156 1 42 55 26 22 9 1 2022 $2,060,261 $1,445,000 211 4 72 67 37 17 11 3 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $6,281,712 $3,700,000 66 0 4 10 12 14 17 9 2023 $6,515,584 $3,180,000 87 0 4 15 21 22 13 12 2022 $6,962,537 $3,600,000 129 0 7 21 22 34 22 23 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $7,857,647 $4,150,000 17 0 1 6 1 3 3 3 2023 $3,330,441 $2,625,000 17 1 0 1 8 4 3 0 2022 $2,936,839 $2,650,000 28 0 0 7 14 5 2 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $6,126,800 $5,912,500 50 0 0 8 6 5 25 6 2023 $6,937,123 $4,500,000 65 0 1 4 16 16 17 11 2022 $5,753,119 $5,000,000 75 0 2 14 6 17 24 12 Hamptons YEAR-END 2024 SINGLE-FAMILY HOMES - EAST OF THE SHINNECOCK CANAL
13 EASTPORT EAST QUOGUE HAMPTON BAYS QUIOGUE QUOGUE Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $740,000 $700,000 5 0 5 0 0 0 0 0 2023 $756,333 $750,000 15 3 9 3 0 0 0 0 2022 $714,205 $752,500 22 3 17 2 0 0 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $1,608,274 $1,131,500 98 5 37 43 5 2 6 0 2023 $1,336,646 $970,000 78 7 33 28 7 2 0 1 2022 $1,153,143 $999,500 126 7 58 51 9 1 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $1,008,358 $870,000 193 9 138 37 7 2 0 0 2023 $968,802 $800,000 191 12 134 38 5 1 1 0 2022 $905,672 $770,000 217 26 141 43 4 3 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,158,393 $1,262,500 14 0 6 4 1 2 1 0 2023 $3,262,333 $2,687,500 6 0 1 2 0 1 2 0 2022 $2,625,600 $1,618,000 5 0 1 2 1 0 1 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $4,115,742 $2,850,000 51 1 2 15 10 9 10 4 2023 $4,069,412 $2,505,000 34 0 0 9 12 5 4 4 2022 $4,984,727 $2,750,000 33 0 0 12 7 4 4 6 Hamptons YEAR-END 2024 SINGLE-FAMILY HOMES - WEST OF THE SHINNECOCK CANAL
14 REMSENBURG SPEONK WESTHAMPTON WESTHAMPTON BEACH WEST HAMPTON DUNES Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $1,823,545 $1,400,000 28 1 10 8 5 2 2 0 2023 $2,274,648 $1,745,000 30 0 5 14 5 3 3 0 2022 $1,964,342 $1,675,000 38 0 10 15 5 8 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $690,000 $652,500 4 0 4 0 0 0 0 0 2023 $747,925 $650,000 11 1 8 2 0 0 0 0 2022 $552,000 $605,000 7 3 4 0 0 0 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $1,589,845 $1,625,000 49 4 13 20 7 5 0 0 2023 $1,811,985 $1,705,000 42 3 5 20 9 5 0 0 2022 $1,686,815 $1,367,000 56 1 10 36 4 3 2 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $2,492,626 $2,100,000 59 1 9 18 19 6 6 0 2023 $2,133,190 $1,350,000 58 4 15 19 9 4 7 0 2022 $2,209,343 $1,495,500 86 12 23 14 14 16 6 1 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 2024 $4,150,000 $3,675,000 3 0 0 0 1 1 1 0 2023 $4,201,000 $3,995,000 5 0 0 1 0 2 2 0 2022 $3,293,182 $3,300,000 11 0 1 2 2 4 2 0 Hamptons YEAR-END 2024 SINGLE-FAMILY HOMES - WEST OF THE SHINNECOCK CANAL
NORTH FORK THE Craft OF Research YEAR-END RESIDENTIAL MARKET REPORT
16 North Fork Market Report YEAR-END 2024 Data for this report is sourced from SuffolkVision.com, East End LI, and OneKey MLS, and references single-family residential real estate transactions. Based upon data available as of January 19th of each year reported. 2024 data is preliminary and subject to revision in future reports. 2.2% 564 553 505 404 395 0 100 200 300 400 500 600 2020 2021 2022 2023 2024 • Sales fell 2.2% compared to 2023 on the North Fork, with 395 reported closings. • The average price rose 8.6% to $1,287,699, while the median price fell to $950,000. • At $508.6 billion, the total dollar volume of sales was 6.2% higher than 2023. TOTAL NUMBER OF SALES NUMBER OF SALES 2024 VS. 2023 6.2% DOLLAR VOLUME 2024 VS. 2023 8.6% AVERAGE SOLD PRICE 2024 VS. 2023
17 1.0% 3.0% 22.8% 29.4% 29.4% 13.2% 1.3% North Fork Market Report YEAR-END 2024 PERCENTAGE OF SALES BY PRICE TOTAL DOLLAR VOLUME $456M $543M $561M $479M $509M $M $100M $200M $300M $400M $500M $600M 2020 2021 2022 2023 2024 0 to 350K 4 Sales 1.0% >350K-500K 12 Sales 3.0% >500K-750K 90 Sales 22.8% >750K-1M 116 Sales 29.4% >1M-2M 116 Sales 29.4% >2M-5M 52 Sales 13.2% >5M 5 Sales 1.3%
18 AQUEBOGUE CUTCHOGUE EAST MARION GREENPORT GREENPORT VILLAGE Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $942,540 $800,000 31 1 3 10 10 5 2 0 2023 $844,940 $750,000 29 1 2 12 8 5 1 0 2022 $685,853 $610,000 36 3 6 18 7 1 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,404,059 $999,000 63 1 3 12 16 20 10 1 2023 $1,521,640 $1,135,000 48 1 1 4 16 16 9 1 2022 $1,288,540 $950,000 63 2 4 13 20 16 7 1 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,229,850 $1,147,500 20 1 2 2 3 10 2 0 2023 $1,105,583 $1,018,500 24 0 0 3 9 12 0 0 2022 $1,046,796 $850,000 26 0 1 7 8 9 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $981,393 $957,500 28 0 2 9 5 12 0 0 2023 $1,064,989 $829,500 38 2 1 14 5 13 3 0 2022 $1,082,197 $955,000 38 1 4 5 12 15 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,026,255 $862,500 26 0 0 10 7 8 1 0 2023 $886,452 $881,250 26 1 2 7 7 9 0 0 2022 $1,008,306 $906,500 31 1 1 9 9 9 2 0 North Fork Market Report YEAR-END 2024 SINGLE-FAMILY HOMES
19 JAMESPORT LAUREL MATTITUCK NEW SUFFOLK ORIENT Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,028,676 $857,000 25 0 0 7 11 5 2 0 2023 $947,446 $849,995 28 2 0 5 13 7 1 0 2022 $809,269 $762,500 26 2 1 10 8 5 0 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,285,940 $1,029,000 12 0 0 3 3 3 3 0 2023 $1,098,575 $725,000 20 1 1 9 4 2 3 0 2022 $876,468 $738,000 22 1 2 8 6 4 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,276,342 $858,750 60 0 2 17 21 13 6 1 2023 $1,216,174 $962,500 58 0 3 8 24 17 6 0 2022 $1,192,109 $945,000 97 4 12 22 17 28 14 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $818,333 $775,000 3 0 0 1 2 0 0 0 2023 $1,468,333 $1,200,000 6 0 0 1 1 2 2 0 2022 $1,010,625 $799,000 10 0 1 2 4 2 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,572,315 $1,325,000 13 0 0 0 3 5 5 0 2023 $1,904,068 $1,695,000 19 0 0 0 4 7 8 0 2022 $1,640,316 $1,482,000 19 0 1 4 2 9 2 1 North Fork Market Report YEAR-END 2024 SINGLE-FAMILY HOMES
20 PECONIC Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,343,889 $1,085,000 9 0 0 2 2 3 2 0 2023 $1,119,800 $977,500 10 0 2 1 4 2 1 0 2022 $1,204,864 $925,000 11 0 0 1 6 3 1 0 SOUTH JAMESPORT Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,185,667 $820,000 3 1 0 0 1 0 1 0 2023 $828,750 $800,000 4 0 0 2 1 1 0 0 2022 $795,750 $751,500 8 0 0 4 4 0 0 0 SOUTHOLD Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 2024 $1,528,746 $1,050,000 102 0 0 17 32 32 18 3 2023 $1,198,868 $987,750 94 1 2 16 33 33 8 1 2022 $1,176,592 $974,650 118 1 3 30 32 43 8 1 North Fork Market Report YEAR-END 2024 SINGLE-FAMILY HOMES
East Hampton 27 Main Street East Hampton, NY 11937 631.324.6400 Sag Harbor 96 Main Street Sag Harbor, NY 11963 631.725.2250 Westhampton Beach 70 Main Street Westhampton Beach, NY 11978 631.288.5500 Bridgehampton 2408 Main Street Bridgehampton, NY 11932 631.537.2727 Southampton 31 Main Street Southampton, NY 11968 631.287.4900 North Fork 13105 Main Road Mattituck, NY 11952 631.477.0551 Contact Us THE Craft OF Research BHS ©2025 by Brown Harris Stevens. All Rights Reserved. This information may not be copied, used or distributed without Brown Harris Stevens’ consent. While information is believed true, no guaranty is made of accuracy. YEAR-END 2024 Residential Market Report
RkJQdWJsaXNoZXIy MTY0NDc2