HAMPTONS 1Q/2025 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.
