“The South Fork’s fourth straight quarter of annual sales growth marks a continued resurgence in East End activity, with dollar volume climbing 12% and average price up 6%, including a $32M oceanfront sale. On the North Fork, while sales dipped, rising prices and a boost in dollar volume in areas like Cutchogue show that buyer interest remains steady. Across the East End, the market continues to show resilience and depth as we head into the final quarter of the year.”

– Ernie Cervi, Regional Senior Vice President, East End

South Fork/Hamptons

The Third Quarter of 2025 showed the South Fork continuing with a positive trend of an annual increase in closings – it’s now the fourth consecutive quarter and the longest upward trend since 2021.

• There were 413 reported single-family home sales reported this quarter.
• This quarter, five of the 14 submarkets saw an annual decrease in sales, four remained level to last year and five submarkets experienced an annual increase.
• The annual increase in sales and average price pushed dollar volume up 12% to $1.398B.

Median price fell 3% annually in the Third Quarter of 2025, however, at $2.100M, it’s still at its second-highest figure on record.

• Quogue had the most notable increase in median price, up 129% over the previous year to $6.609M because of a larger share of sales over $4M.
• Bridgehampton/Sagaponack experienced the largest percentage drop in median price, down 43% to $4.825M due to a greater market share of sales under $4M this quarter.

Residential Luxury Market (top 10% of all residential sales):

• On the South Fork, luxury average price increased 12%, to $12.245M.
• Median price rose 16% to $10.8M due to a larger share of sales over $20M and fewer under $8M.
• The most expensive reported sale was a $32M oceanfront home on Meadow Lane in Southampton Village.

North Fork

On the North Fork, sales declined 21% annually, which means sales have now fallen year-over-year for 13 of the last 16 quarters.

• Five of the six submarkets reported year-over-year decreases in closings, with sales Mattituck/Laurel remaining level compared to last year.
• Half of the submarkets showed an increase in dollar volume, even with the decline in sales due to rising prices.
• Dollar volume in Cutchogue rose significantly, up 44% YOY, due to three closings over $2M, one of which was $8M.

This quarter’s average and median price statistics saw boosts from annual increased in Cutchogue and Greenport.

• Median price was up 18% YOY to $1.125M, the largest increase since the second quarter of 2021.
• Average price climbed annually for the fourth consecutive quarter, up 12% to its second-highest average ever of $1.359M.

In the residential luxury market (top 10% of all residential sales):

• The average luxury sale price on the North Fork increased 17% annually and median price increased 22% YOY because of a greater share of closings over $2.5M.
• The highest priced sale on the North Fork was an $8M home on Peconic Bay.

Read the full report