The East End Real Estate Market Report: 1Q 2025
“The East End real estate market held strong in the first quarter of 2025, showing impressive momentum. On the South Fork, sales surged 28% year over year, hitting the highest level of closings since Q3 2023. The North Fork saw a rebound, too, notching its first year-over-year sales increase in four quarters.
Pricing trends also remained robust, with median price on the South Fork rising 5% and the North Fork’s median price increasing to $995K, supported by an increase in luxury transactions. With inventory expanding for a fifth consecutive quarter, the stage is set for a dynamic spring season.”
– Ernie Cervi, Regional Senior Vice President, East End
South Fork/Hamptons
Sales were up 28% during First Quarter of 2025 and the South Fork experienced the largest number of closings (452) since Third Quarter 2023.
- 1Q 2025 is also the second consecutive quarter with an annual increase in sales – the first time since 3Q 2021.
- Compared to 1Q 2024, 12 of the 14 submarkets saw higher sales, with only one submarket lower and the other level. East Hampton Village had the greatest annual percentage gain, with closings doubling to 20 sales from 10 last year.
- Dollar volume increased alongside sales rising 34% YOY to $1.465B. Southampton exhibited the largest increase, as closings reported over $5M grew from two to five and one sale reaching $10M.
Median price increased 5% this quarter, back on track with growth after an usual dip last quarter.
- Compared to a year ago, median price expanded in half of the 14 South Fork submarkets.
- Southampton’s median price changed most significantly, up 47% with three sales topping $6M versus last year. Westhampton/Remsenburg had the largest percentage decrease in median price, down 31% annually because of a smaller share of sales over $3M.
Residential Luxury Market (top 10% of all residential sales):
- On the South Fork, luxury average price ticked slightly higher by 2%, up to $12.9M
- Median price decreased by 10% to $9.1M due to a larger share of sales below $2M.
- Amagansett had the most expensive reported sale, a $70M 10,000 sq.ft. compound, but Watermill accounted for more of the South Fork’s luxury sales than any other submarket with 10 closings.
North Fork
North Fork single-family home sales expanded 17% annually to 116 closings in First Quarter 2025.
- This is the first annual increase in sales for the North Fork in four quarters.
- Cutchogue had the most significant percentage increase, up 67% (20 sales).
- Four of six North Fork submarkets saw sales volume increase annually due to rising prices. Cutchogue saw sales volume grow 104% YOY to $38.976, while East Marion/Orient saw the largest decline, down 32%.
Average price, bolstered by double the number of sales above $3M on the North Fork, rose 14% to $1.344M.
- Overall median price ticked slightly higher by 1% YOY to $995K. Southold/Peconic saw the largest increase in median price, up 32% to $1.200M
- Average price increased the most in Cutchogue, which experienced a 22% rise YOY. East Marion/Orient had the largest decline in average price, down 17% to $1.046M.
In the residential luxury market (top 10% of all residential sales):
- The average luxury sale price on the North Fork increased 22% annually, while median price jumped 41% YOY.
- Last year only three sales were reported over $3M, however this year the number more than doubled to seven.
- On the North Fork, the highest priced sale was a beachfront residence on Cutchogue Harbor for $6.4M.
