Marketwatch

The Hamptons Real Estate Market Surged In The Second Quarter of 2025, Buoyed By Sustained Demand And A Marked Increase In High-End Sales

For Douglas Elliman, the number of transactions above $5 million was the second-highest on record. The firm also reported that the average sales price rose 4.8% quarter-over-quarter to $3.33 million, underscoring the strength of the luxury segment.

Sales for the Corcoran Group were up 16% year-over-year, marking the first time since 2021 that the market has posted three consecutive quarters of growth. One standout area was East Hampton Village, where median prices soared 43%, driven by four sales over $10 million out of just seven total transactions in the area.

“We’ve seen meaningful sales this year across nearly every price point and location,” said Gary DePersia, an associate broker at the Corcoran Group. Amagansett’s Lanes continue to set the bar, he said, while Sag Harbor and Shelter Island continue to be places to watch.

A Summer ‘Whirlwind’
DePersia noted that while summer activity is always expected, this year’s July was unusually active for showings and August is shaping up to be “a whirlwind of showings and decision-making.”

Buyers are also coming from a broader range of places, DePersia added. Many are no longer based in New York City but instead in South Florida and other areas. “They’re not making weekend trips out East in the fall, so they’re feeling the pressure to find the right property while they’re here now,” he said.

Associate broker Kimberly Cammarata of Douglas Elliman confirmed that summer brought a decisive shift after a quiet spring. 

“High-end homes, especially waterfront and new construction, go under contract quickly,” she said. Cammarata highlighted increased interest in niche markets like Quiogue and Moriches, where privacy, scale, and water access offer compelling value. 

One of her current listings, a 10,000-square-foot estate at 551 Main St. on Quantuck Creek in Quiogue, is priced at $16.4 million and reflects buyers’ growing desire for luxury homes outside the traditional hotspots, Cammarata said.

Seeking Value and Lifestyle
While established towns like Sag Harbor and East Hampton continue to draw buyers, agents report that growing demand is shifting focus to emerging areas. 

Sag Harbor is always a favorite, but Hampton Bays is coming in strong as a second option thanks to its natural beauty and well-priced homes, noted Tony Cerio, an associate broker with Brown Harris Stevens. 

“You can also get around some of the bumper-to-bumper summer traffic with a home in Hampton Bays, which is priceless,” he said.

The market’s momentum is not limited to traditional sales, added Michaela Keszler, an associate broker with Sotheby’s International Realty. She reported robust interest across both rentals and off-market transactions. 

New construction homes are selling quickly, while western areas of the Hamptons are seeing a noticeable uptick in activity, Keszler said. Her favorite sale this year was a nearly $30 million modern waterfront home on Flying Point Road, sold off-market — a testament to both buyer appetite and market discretion at the top end.

“There’s nothing more rewarding than showing a home and immediately recognizing that your buyers are in love with it the moment they walk through the door,” Keszler said.

Even in quieter areas, momentum is building. The waterfront in Moriches has been very active this summer, Cammarata said, as “buyers are discovering its open bay views, dock potential, and relative value compared to points farther east.”

Listen to the Market
This fall, Hamptons buyers should act decisively, agents say. If a property checks most of your boxes, don’t wait. 

“Hesitation can mean losing out to another motivated buyer,” Cerio said. Prepare in advance, Keszler advised, since new listings can spark bidding wars. Fall also brings less competition and more flexibility, Cammarata noted.

Sellers, meanwhile, should price realistically and treat serious offers with respect. “It’s tough to detach from the emotional ties of a home, but at the end of the day, it’s also a commodity,” DePersia said. “Let the market guide you.”