Bridgehampton, NY Real Estate Market Overview

Bridgehampton, NY is renowned for its beautiful landscapes and luxurious estates. However, the real estate market has recently undergone some changes. This report details those changes by focusing on statistics for various property types in July 2023.

Price Trends

General Price Movement

The list price of homes in Bridgehampton has decreased by 22.3% since last year, with the median list price standing at $2,775,000. This decrease reflects a significant shift in the market.

Monthly Changes: June to July 2023

• 1 Bedroom Properties: Prices remained stagnant.
• 2 Bedrooms Properties: Prices remained unchanged.
• 3 Bedrooms Properties: Prices remained unchanged.
• 4 Bedrooms Properties: Prices increased by 35.7%.
• 5 Bedrooms Properties: Prices did not change.

Inventory Levels

The number of homes for sale in Bridgehampton has reached a total of 9 listings as of July 2023.

Volume Changes by Bedroom Count

• 1 Bedroom Homes: Volume stayed the same.
• 2 Bedrooms Homes: Quantity did not change.
• 3 Bedrooms Homes: Volume stayed the same.
• 4 Bedrooms Homes: Quantity did not change.
• 5 Bedrooms Homes: Quantity did not change.

Time on Market

Listings in Bridgehampton were on the market for an average of 483 days in July 2023, reflecting a relatively slow movement in property transactions.

Conclusion

The Bridgehampton, NY real estate market is experiencing a dynamic period, with significant price reductions over the year and some fluctuating trends on a monthly basis. The stagnation in prices for most property types and the increase in 4-bedroom properties highlight a complex market landscape. With no change in the volume of homes for various bedroom counts and a considerable time on market, potential buyers and sellers in Bridgehampton should carefully consider these trends when making real estate decisions.