THE Craft OF Research BHSID 920469 Q1 2025 RESIDENTIAL MARKET REPORT HAMPTONS
2 1. Cover 2. Table of Contents 3. Message from our Executive Managing Director HAMPTONS 4. Number of Sales 5. Total Dollar Volume Average and Median Prices 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 - 1Q25 VS. 1Q24 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 Average and Median Prices 17. Percentage of Sales by Price Total Dollar Volume: 5-year comparison 18 - 20. Town/Hamlet Summaries (Average and Median Prices, Number of Sales, Price Categories) Hamptons + North Fork Market Report FIRST QUARTER 2025
BHSID 919463 Message from Robert M. Nelson Executive Managing Director Brown Harris Stevens of the Hamptons, LLC 1Q2025 MARKET REVIEW The Hamptons market experienced a 33% rise in the number of closings in the first quarter compared to a year ago. Prices were also higher, as the average single-family home price of $3,401,640 was 5% higher than a year ago. With increases in both the number of sales and average price in the Hamptons, it’s not surprising the total dollar volume of transactions was 39% higher than 2024’s first quarter. Demand for Hamptons homes in 1Q25 was helped by the performance of Wall Street, as the S&P 500 index rose 23% in 2024. The exceptional performance of stocks led Wall Street firms to pay a record $47.5 billion in bonuses for 2024. While the North Fork didn’t see similar increases in prices and sales, pricing didn’t change much from a year ago. At $1,165,158, the average price in the first quarter of 2025 was virtually unchanged from a year ago, while closings dipped 3%. It’s too early to tell how the current trade war will impact demand for housing in the Hamptons and North Fork. It’s never a good thing when markets are too volatile, but it can offer an opportunity for buyers to negotiate more with sellers.
4 Beginning with the 1Q25 market report, we have changed our report’s methodology to allow a more comprehensive view of the market than our prior reports. For that reason, past reports should not be compared to this new format. Data is sourced from SuffolkVision.com, East End LI, and OneKey MLS. 1Q25 data is preliminary and subject to revision in future reports. 32.9% 778 655 323 277 368 0 200 400 600 800 1Q21 1Q22 1Q23 1Q24 1Q25 Hamptons Market Report FIRST QUARTER 2025 • At $3,401,640, the average price of a Hamptons single-family home was 5% higher than a year ago. • The median price rose 10% over the past year, to $2,182,500. • There were 33% more sales reported than during 2024’s first quarter. • The total dollar volume of sales reached $1.25 billion, 39% above last year’s level. TOTAL NUMBER OF SALES NUMBER OF SALES 1Q25 VS. 1Q24 39.3% DOLLAR VOLUME 1Q25 VS. 1Q24 4.9% AVERAGE SOLD PRICE 1Q25 VS. 1Q24
5 Hamptons Market Report FIRST QUARTER 2025 TOTAL DOLLAR VOLUME IN MILLIONS 1Q25 Dollar Volume 39% Higher than a Year ago. $1,916 $1,904 $1,026 $899 $1,252 $0 $500 $1,000 $1,500 $2,000 $2,500 1Q21 1Q22 1Q23 1Q24 1Q25 AVERAGE AND MEDIAN PRICE The Average Price Rose 5% Over the Past Year Average Price Median Price $2,463,007 $2,906,348 $3,177,262 $3,243,966 $3,401,640 $1,441,000 $1,610,000 $1,675,000 $1,985,000 $2,182,500 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 1Q21 1Q22 1Q23 1Q24 1Q25
6 Hamptons Market Report FIRST QUARTER 2025 East of the Canal = Southampton to Montauk. West of the Canal = Remsenburg/Speonk to Hampton Bays. AVERAGE SOLD PRICE 1Q25 1Q24 % CHANGE All Hamptons $3,401,640 $3,243,966 4.9% East of the Canal $4,033,687 $4,000,484 0.8% West of the Canal $1,775,501 $1,697,675 4.6% MEDIAN SOLD PRICE 1Q25 1Q24 % CHANGE All Hamptons $2,182,500 $1,985,000 9.9% East of the Canal $2,450,000 $2,425,000 1.0% West of the Canal $1,167,500 $1,100,000 6.1% BHSID 920855
7 $183 $294 $141 $255 $148 $231 $0 $50 $100 $150 $200 $250 $300 Westhampton Area Southampton Area Sag Harbor Area East Hampton Area Bridgehampton Area Amagansett/Montauk NUMBER OF SALES BY AREA Hamptons Market Report FIRST QUARTER 2025 DOLLAR VOLUME BY AREA IN MILLIONS • The Southampton market led all areas with $294 million in closings in 1Q25. • Westhampton accounted for 28% of all first quarter closings, the most of any market area. 9.2% 34 SALES 21.2% 78 SALES 14.1% 52 SALES 7.1% 26 SALES 20.4% 75 SALES 28.0 % 103 SALES
8 0.0% 4.9% 33.2% 23.8% 17.4% 13.2% 7.5% Hamptons Market Report FIRST QUARTER 2025 Hamptons East of the Shinnecock Canal Homes priced between $1 million and $2 million accounted for the highest percent of first-quarter 2025 transactions. PERCENTAGE OF SALES BY PRICE 2.9% 45.6% 25.2% 12.6% 6.8% 6.8% 0.0% Hamptons West of the Shinnecock Canal With 45.6% of all sales, the $500,000 to $1 million price range comprised the highest percentage of transactions. 0 to 500K 0 Sales 0.0% >500K-1M 13 Sales 4.9% >1M-2M 88 Sales 33.2% >2M-3M 63 Sales 23.8% >3M-5M 46 Sales 17.4% >5M-10M 35 Sales 13.2% >10M 20 Sales 7.5% 0 to 500K 3 Sales 2.9% >500K-1M 47 Sales 45.6% >1M-2M 26 Sales 25.2% >2M-3M 13 Sales 12.6% >3M-5M 7 Sales 6.8% >5M-10M 7 Sales 6.8% >10M 0 Sales 0.0%
9 7 57 80 49 43 26 15 3 60 114 76 53 42 20 0 25 50 75 100 125 0-500K >500K-1M >1M-2M >2M-3M >3M-5M >5M-10M >10M Hamptons Market Report FIRST QUARTER 2025 SOUTH FORK SALES BY PRICE: 1Q25 VS. 1Q24 1Q24 1Q25 -57.1% 5.3% 42.5% 55.1% 23.3% 61.5% 33.3%
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 1Q25 $8,195,304 $3,900,000 22 0 1 3 4 6 3 5 1Q24 $4,957,857 $4,950,000 7 1 0 0 1 2 2 1 1Q23 $2,853,000 $2,946,000 4 0 0 0 2 2 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $5,286,667 $2,900,000 21 0 1 3 7 2 5 3 1Q24 $4,975,000 $2,675,000 8 0 0 1 4 1 0 2 1Q23 $5,233,538 $2,200,000 13 0 1 4 2 4 1 1 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $2,520,952 $1,860,000 63 0 2 32 13 13 2 1 1Q24 $2,102,515 $1,900,000 57 0 5 27 16 7 2 0 1Q23 $2,085,100 $1,685,000 65 2 11 23 14 14 1 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $6,306,900 $5,074,500 10 0 0 1 1 3 3 2 1Q24 $7,724,545 $4,400,000 11 0 1 1 0 4 1 4 1Q23 $17,306,538 $8,975,000 13 0 0 2 2 1 2 6 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $4,215,244 $2,200,000 12 0 0 4 4 0 3 1 1Q24 $3,431,972 $2,295,144 10 0 1 4 1 2 1 1 1Q23 $3,439,091 $2,155,000 11 0 0 5 2 2 1 1 Hamptons FIRST QUARTER 2025 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 1Q25 $3,386,708 $2,050,000 3 0 0 1 1 0 1 0 1Q24 $5,063,714 $3,400,000 7 0 0 1 1 2 2 1 1Q23 $2,737,500 $3,025,000 4 0 0 1 1 2 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $2,371,023 $2,225,000 26 0 0 11 8 7 0 0 1Q24 $2,309,250 $1,685,000 16 1 0 8 3 3 1 0 1Q23 $2,188,444 $1,587,500 25 1 8 6 4 4 2 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $4,244,000 $2,625,000 13 0 0 4 5 2 1 1 1Q24 $2,110,425 $1,945,125 5 0 1 2 1 1 0 0 1Q23 $2,511,727 $2,000,000 11 0 0 6 1 3 1 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $7,382,125 $7,400,000 5 0 0 0 0 1 3 1 1Q24 $6,450,833 $4,130,000 6 0 0 1 1 2 1 1 1Q23 $4,492,667 $3,700,000 3 1 0 0 0 1 1 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $1,438,800 $1,475,000 10 0 2 7 1 0 0 0 1Q24 $1,650,643 $1,875,000 7 1 1 3 2 0 0 0 1Q23 $1,851,375 $1,952,750 4 0 1 2 1 0 0 0 Hamptons FIRST QUARTER 2025 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 1Q25 $2,759,629 $2,000,000 43 0 6 16 10 5 5 1 1Q24 $2,713,664 $3,250,000 19 1 4 2 2 9 1 0 1Q23 $2,438,230 $1,790,000 33 0 9 9 5 8 2 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $5,797,200 $3,775,000 20 0 1 2 5 7 3 2 1Q24 $9,705,096 $4,050,000 18 0 2 3 1 4 4 4 1Q23 $5,924,250 $3,975,000 18 0 2 3 3 4 3 3 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $6,557,400 $6,280,000 5 0 0 0 2 0 2 1 1Q24 $1,816,250 $1,762,500 4 0 1 2 1 0 0 0 1Q23 $1,575,000 $2,025,000 3 1 0 0 2 0 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $4,955,500 $3,962,500 12 0 0 4 2 0 4 2 1Q24 $5,793,636 $5,825,000 11 0 0 1 2 1 6 1 1Q23 $8,231,818 $7,250,000 11 0 0 1 2 2 3 3 Hamptons FIRST QUARTER 2025 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 1Q25 $870,000 $947,500 4 0 4 0 0 0 0 0 1Q24 $680,000 $680,000 1 0 1 0 0 0 0 0 1Q23 $300,000 $300,000 1 1 0 0 0 0 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $955,622 $825,000 17 2 9 6 0 0 0 0 1Q24 $2,000,233 $1,454,688 18 1 5 7 2 1 2 0 1Q23 $1,148,667 $1,100,000 21 1 9 10 0 1 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $1,080,172 $840,995 38 0 27 8 2 1 0 0 1Q24 $1,136,682 $912,500 37 1 25 7 4 0 0 0 1Q23 $892,118 $768,000 45 6 30 8 0 1 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $2,787,667 $2,300,000 6 0 2 1 2 0 1 0 1Q24 $2,994,625 $1,314,250 4 0 1 2 0 0 1 0 1Q23 $3,191,333 $2,800,000 3 0 1 0 1 0 1 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $2,949,000 $2,425,000 10 0 0 4 3 1 2 0 1Q24 $2,292,125 $2,450,000 8 1 1 1 3 2 0 0 1Q23 $2,815,000 $2,900,000 5 0 0 1 2 2 0 0 Hamptons FIRST QUARTER 2025 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 1Q25 $2,571,188 $1,729,000 8 0 2 3 1 0 2 0 1Q24 $1,057,500 $1,075,000 4 0 2 2 0 0 0 0 1Q23 $1,433,500 $1,396,500 8 0 1 6 1 0 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 N/A N/A 0 0 0 0 0 0 0 0 1Q24 $865,000 $865,000 1 0 1 0 0 0 0 0 1Q23 $672,500 $672,500 2 0 2 0 0 0 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $1,667,813 $1,712,500 8 1 1 4 1 1 0 0 1Q24 $1,509,838 $1,475,000 8 0 3 4 0 1 0 0 1Q23 $1,527,427 $1,138,500 12 0 5 4 1 2 0 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $3,007,778 $2,850,000 9 0 2 0 4 2 1 0 1Q24 $2,435,343 $2,137,500 8 0 2 1 3 1 1 0 1Q23 $4,069,516 $3,688,064 8 0 1 3 0 0 4 0 Average Price Median Price Sales 0 to 500K >500K -1M >1M-2M >2M-3M >3M-5M >5M-10M >10M 1Q25 $4,968,829 $3,831,488 3 0 0 0 0 2 1 0 1Q24 $4,387,500 $4,387,500 2 0 0 0 1 0 1 0 1Q23 N/A N/A 0 0 0 0 0 0 0 0 Hamptons FIRST QUARTER 2025 SINGLE-FAMILY HOMES - WEST OF THE SHINNECOCK CANAL
NORTH FORK THE Craft OF Research Q1 2025 RESIDENTIAL MARKET REPORT
16 North Fork Market Report FIRST QUARTER 2025 3.4% 182 120 89 87 84 0 50 100 150 200 1Q21 1Q22 1Q23 1Q24 1Q25 • The number of closings fell 3% over the past year to 84. • Prices averaged $1,165,158 in the first quarter, down slightly from 2024’s first quarter. • The total volume of transactions fell 3.8% from a year ago to $98 million. TOTAL NUMBER OF SALES NUMBER OF SALES 1Q25 VS. 1Q24 3.8% DOLLAR VOLUME 1Q25 VS. 1Q24 0.4% AVERAGE SOLD PRICE 1Q25 VS. 1Q24 Beginning with the 1Q25 market report, we have changed our report’s methodology to allow a more comprehensive view of the market than our prior reports. For that reason, past reports should not be compared to this new format. Data is sourced from SuffolkVision.com, East End LI, and OneKey MLS. 1Q25 data is preliminary and subject to revision in future reports.
17 0.0% 3.6% 17.9% 36.9% 35.7% 6.0% 0.0% North Fork Market Report FIRST QUARTER 2025 PERCENTAGE OF SALES BY PRICE TOTAL DOLLAR VOLUME IN MILLIONS $173 $116 $102 $102 $98 $0 $50 $100 $150 $200 1Q21 1Q22 1Q23 1Q24 1Q25 0 to 350K 0 Sales 0.0% >350K-500K 3 Sales 3.6% >500K-750K 15 Sales 17.9% >750K-1M 31 Sales 36.9% >1M-2M 30 Sales 35.7% >2M-5M 5 Sales 6.0% >5M 0 Sales 0.0%
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 1Q25 $888,667 $899,000 3 0 0 0 3 0 0 0 1Q24 $1,011,000 $655,000 5 0 2 1 0 1 1 0 1Q23 $733,678 $750,000 7 1 1 2 2 1 0 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,292,273 $1,335,000 11 0 0 1 3 6 1 0 1Q24 $1,199,821 $1,004,500 10 1 0 2 2 4 1 0 1Q23 $1,495,000 $975,000 9 0 0 2 3 2 2 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $880,000 $905,000 4 0 0 1 3 0 0 0 1Q24 $1,081,714 $1,185,000 7 0 1 0 1 5 0 0 1Q23 $1,039,313 $942,250 8 0 0 1 4 3 0 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $965,975 $925,000 8 0 0 3 3 2 0 0 1Q24 $903,000 $810,000 10 0 0 5 2 3 0 0 1Q23 $969,019 $600,000 13 2 0 6 0 4 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,113,200 $926,000 5 0 0 0 3 2 0 0 1Q24 $681,408 $630,316 4 0 0 3 1 0 0 0 1Q23 $818,750 $881,250 6 0 0 2 4 0 0 0 North Fork Market Report FIRST QUARTER 2025 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 1Q25 $1,090,000 $835,000 5 0 1 0 2 2 0 0 1Q24 $1,297,500 $1,297,500 2 0 0 0 1 1 0 0 1Q23 $707,500 $852,500 4 1 0 0 3 0 0 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $2,100,000 $2,100,000 2 0 0 1 1 0 0 0 1Q24 $1,010,092 $1,130,000 3 0 1 2 0 0 0 0 1Q23 $1,291,250 $695,000 4 1 2 0 0 1 0 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,153,750 $855,000 12 0 1 2 6 2 1 0 1Q24 $1,186,857 $800,000 21 0 0 8 5 5 3 0 1Q23 $1,155,700 $975,000 10 0 2 0 3 4 1 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,221,667 $1,080,000 3 0 1 2 0 0 0 0 1Q24 $960,000 $960,000 1 0 1 0 0 0 0 0 1Q23 $990,000 $990,000 1 0 1 0 0 0 0 0 Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,331,000 $890,000 5 0 0 1 2 1 1 0 1Q24 $1,400,000 $1,400,000 1 0 0 0 0 1 0 0 1Q23 $2,240,800 $2,350,000 6 0 0 0 1 2 3 0 North Fork Market Report FIRST QUARTER 2025 SINGLE-FAMILY HOMES
20 PECONIC Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,028,000 $1,021,000 4 0 0 0 2 2 0 0 1Q24 $1,452,000 $1,085,000 5 0 0 2 0 1 2 0 1Q23 $965,000 $965,000 1 0 0 0 1 0 0 0 SOUTH JAMESPORT Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $639,000 $639,000 1 0 0 1 0 0 0 0 1Q24 N/A N/A 0 0 0 0 0 0 0 0 1Q23 $650,000 $650,000 1 0 0 1 0 0 0 0 SOUTHOLD Average Price Median Price Sales 0 to 350K >350K -500K >500K-750K >750K-1M >1M-2M >2M-5M >5M 1Q25 $1,219,643 $1,020,000 21 0 1 5 4 10 1 0 1Q24 $1,402,250 $991,250 18 0 0 3 6 6 2 1 1Q23 $1,165,842 $855,000 19 0 0 6 8 4 0 1 North Fork Market Report FIRST QUARTER 2025 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 Bridgehamwpton 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. First Quarter 2025 Residential Market Report
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