The Southampton housing market currently presents a unique scenario with relatively low competitiveness. Over the past year, there has been a significant decline in home prices, with the median sale price dropping by 87.8%. In June 2023, the median sale price for a home in Southampton stood at $1.4 million. This decrease has also affected the price per square foot, which fell by 36.3% compared to the previous year, reaching $845.
The faster pace of sales is noteworthy, with homes in Southampton now selling after an average of 105 days on the market, a considerable improvement compared to the 222 days it took last year. This suggests a potential increase in buyer interest and demand for properties in the area. Furthermore, the number of homes sold in June 2023 has risen to 3, compared to just 2 homes sold during the same period last year.
$1,385,000
3
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Matthew has a reputation for consistently carrying one of the most impressive luxury listing platforms in the marketplace. Contact Matthew today for a free consultation for buying, selling, renting or investing in the Hamptons.
Browse the available properties in the area below.
