Hamptons home sales have surged in 2025 — with prices hitting a record high

The median waste value successful nan Hamptons — agelong a playground for New York’s rich | and celebrated — has risen supra $2 cardinal for nan first clip successful history. 

Home prices retired eastbound deed grounds highs successful nan first 4th of nan year, signaling a reddish basking summertime for nan able enclave’s existent property market.

The data, compiled successful Miller Samuel’s quarterly report for brokerage Douglas Elliman and covered by the Real Deal, indicates a return of deep-pocketed, assured buyers to nan South Fork, peculiarly successful nan region’s mid-range conception of $1 cardinal to $5 cardinal properties.

First-quarter income successful nan Hamptons astir doubled compared to nan aforesaid 4th successful 2024, increasing a robust 85.5% year-over-year. Deals accrued sharply complete that play from 230 to 420 closed income crossed nan coastal community.

As for nan median price, that specifically deed $2.04 million.

A grounds precocious number of income fell into what study writer Jonathan Miller called nan “Hamptons Middle,” encompassing those income betwixt $1 cardinal and $5 million. Nearly 54.6% of deals successful nan first 4th of 2025 were successful this segment, compared to a 39% stock of income a twelvemonth ago.

Miller told nan Real Deal that he attributed nan upward inclination of “Hamptons Middle” income to buyers successful this value scope — improbable to bargain successful rate — emotion much comfortable astir taking retired a mortgage.

The enclave’s ultra-luxury marketplace struggled past year, pinch income plummeting by astir $200 million. That weakness among trophy properties appears to person edged into 2025.

Luxury sales, which Miller defines astatine nan apical 10% of transactions, saw mean prices dip by 11.8% year-over-year and nan introduction value period dropped 7.5%.

Listing inventory, Miller reported, has been expanding successful nan Hamptons for much than 2 years. Total inventory accrued by 9.7% successful nan first portion of 2024 — a continued summation that is reducing bidding wars. 

“A mates of years ago, inventory was almost non-existent,” Miller told nan Real Deal. “But request remained successful place, and it’s conscionable enabling much sales.”

The maturation spurt coincided pinch a banner twelvemonth for Wall Street, arsenic profits and bonuses from 2024 deed slope accounts and slaphappy bankers looked eastbound for their vacations.

Miller said Wall Street gains are tied to gains successful nan Hamptons market, calling them “joined astatine nan hip.”