Is Westhampton Beach, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Westhampton Beach was a Seller's Market.
Housing Prices in Westhampton Beach, NY
How much do homes in Westhampton Beach, NY cost?
Median Sold Price
$1,625,000
$950/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Westhampton Beach was $1,625,000 in May 2024, down 1.5% from last year, and the median price per square foot was $950.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $419K | $340K | -18.9% |
2 Bedrooms | $1.3M | $900K | -31.2% |
3 Bedrooms | $1.0M | $1.4M | +36.0% |
4 Bedrooms | $2.2M | $2.1M | -4.5% |
5+ Bedrooms | $3.8M | $2.9M | -21.1% |
Summary: Westhampton Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.9%, 2 bedroom homes decreased by 31.2%, 3 bedroom homes increased by 36%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 21.1%.
Median Sold Price Compared To Nearby Cities
Westhampton Beach | $1.6M | $1.6M | -1.5% |
Quogue | $2.6M | $2.3M | -9.3% |
Housing Supply in Westhampton Beach, NY
How many homes are available in Westhampton Beach, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 85 | +13.3% |
Summary: The Westhampton Beach real estate market had 85 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 13 | 14 | +7.7% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Westhampton Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Westhampton Beach in May 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
143 Days | 88 Days | -38.6% |
Summary: Homes in Westhampton Beach had an average of 88 days on market in May 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Westhampton Beach; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.