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

The median sale price in the Hamptons — long a playground for New York’s rich and famous — has risen above $2 million for the first time in history. Home prices out east hit record highs in the first quarter of the year, signaling a red hot summer for the wealthy enclave’s real estate market.The data, compiled in Miller Samuel’s quarterly report for brokerage Douglas Elliman and covered by the Real Deal, indicates a return of deep-pocketed, confident buyers to the South Fork, particularly in the region’s mid-range segment of $1 million to $5 million properties.First-quarter sales in the Hamptons nearly doubled compared to the same quarter in 2024, growing a robust 85.5% year-over-year.

Deals increased sharply over that period from 230 to 420 closed sales across the coastal community.As for the median price, that specifically hit $2.04 million.A record high number of sales fell into what report author Jonathan Miller called the “Hamptons Middle,” encompassing those sales between $1 million and $5 million.Nearly 54.6% of deals in the first quarter of 2025 were in this segment, compared to a 39% share of sales a year ago.Miller told the Real Deal that he attributed the upward trend of “Hamptons Middle” sales to buyers in this price range — unlikely to buy in cash — feeling more comfortable about taking out a mortgage.The enclave’s ultra-luxury market struggled last year, with sales plummeting by nearly $200 million.

That weakness among trophy properties appears to have edged into 2025.Luxury sales, which Miller defines at the top 10% of transactions, saw average prices dip by 11.8% year-over-year and the entry price threshold dropped 7.5%.Listing inventory, Miller reported, has been expanding in the Hamptons for more than two years.Total inventory increased by 9.7% in the first part of 2024 — a continued increase that is reducing bidding wars. “A couple of years ago, inventory was almost non-existent,” Miller told the Real Deal.

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