Home prices in the Hamptons are rising in anticipation of the summer season
Prices may be falling in much of the country, but that’s far from the case in the ultimate playground for the rich and famous: the Hamptons.
Located on the east coast of Long Island, this group of coastal New York communities remains popular with the well-heeled and is poised for another record summer of luxury sales.
Average house prices hit a record high in the fourth quarter of 2025, up 33.6% year-on-year, with several meters of snow on the ground, according to the latest report. Douglas Elliman/Miller Samuel reports on the Hamptons.
“It’s been a snowstorm here, but exciting things are happening.” Kyle Rosko by Douglas Elliman-Bridgehampton tells Realtor.com®. “The Hamptons is where people want to be in the summer as a hub that they share with their friends and family. They may be visiting Europe, but they really want to have a home here.”
As the summer buying season kicks into high gear, Rosko — who lives in Sag Harbor and summers in Montauk — is already seeing strong interest in several properties, including a newly constructed $26.2 million generational home in Amagansett Lanes.
According to the report, the average single-family/apartment matrix home in the Hamptons is $2.34 million. That is an increase of 17% in one quarter and 19% only from the beginning of the year.
The hottest places
But not all Hamptons towns are created equal. While Amagansett’s median home price has increased by an astonishing 89.1% year over year, the village of Quogue/Quiogue has increased by a relatively paltry 8.4%.
Following Amagansett are Westhampton Beach/Dunes, Westhampton, East Quogue, Hampton Bays, Bridgehampton, Southampton, Sag Harbor, East Hampton and Quogue.
Sales of single-family homes far outpace condos, with the former taking 96.4% of the market. Of those, most sales (53%) are priced between $1 million and $5 million, while 29.6% of buyers manage to find something for less than $1 million. Homes with price tags above $5 million saw an increase, 17.4% in sales in the fourth quarter of 2025, compared to 16.6% in the same quarter last year.
The Hamptons are so expensive that luxury sales – or the top 10% – have a barrier to entry of $7.3 million (compared to $1.3 million nationally), according to the report.
Luxury sales peaked in the fourth quarter of December 2020, then slowed significantly and then started to pick up again in the second quarter of 2024, and have remained high ever since.
“Between the tripling of mortgage rates and the major instability in the markets, many people moved away from mortgage rates [real estate] has been on the market for a long time,” says Rosko.
But those who stepped aside continued to watch, he explains. And now that interest rates are falling, they’re ready to take the plunge.
Rosko says that while wealthy buyers often buy with cash, many will use a lower-value business loan for their assets, so they wait until interest rates are lower across the board.
According to Freddie Mac, the mortgage rate for the average 30-year home loan is 6.11% for the week ending February 5. During the same period in 2025, rates averaged 6.89%.
And then there’s Wall Street. A bull year means more buying, and the S&P index rose about 15% in 2025. “Bonuses play a big role,” he says. “[They] make people feel more comfortable entering these secondary housing markets.
What buyers want
“Above $10 million, people really want something special,” says Rosko. “Something done at an extraordinary level. You want the house to be just right.”
His generational list of Amagansett Lanes is the perfect example. Developed by the owners of the iconic Lowell Hotelthree homes extend over 13,000 square feet with 11 bedrooms and 10 full bathrooms.
“Properties that combine this size, design and setting are exceptionally rare, making this a unique opportunity to own a true Hamptons legacy, a private enclave that seamlessly combines timeless elegance, modern comfort and the quintessential luxurious lifestyle,” the listing crows.
“You have to visit it and feel it to really understand how incredible this property is,” says Rosko. “It’s one of the most thoughtful and incredibly designed homes I’ve ever been in. I’m thrilled for everyone who gets to make it their own.”
Although the property has been sitting for 84 days, Rosko says this is standard for a property of that size – and that it will “absolutely” be sold by the summer. He says, “It must be a family with more family or friends visiting,” given the size of the sprawling complex.
At this price, buyers are not looking for a project, the agent says, unless the property is in a “super rare” location. He talks about a home under construction in Montauk that will require years of work from the buyers, but the special location – elevated and with panoramic views of the ocean – sealed the deal.
“It’s like being in your own plane,” he says. “You won’t get that kind of height anywhere else. When the house is finished it will be pure magic.”
As for the most popular neighborhoods, Rosko names Amagansett Lanes, Sag Harbor Village, Bridgehampton and Sagaponak, all with convenience and walkability, and a very limited inventory.
“These places are magical all year round, in every season,” he says. “They are the main hotspots.”
“There’s something magical about the Hamptons that can’t be replicated.”
Amagansett
Median price: $7,275,000
Percentage increase: 89.1%
Westhampton beach/dunes
Median price: $2,300,000
Percentage increase: 87.8%
Westhampton
Median price: $1,817,500
Percentage increase: 56.7%
Eastern Quogue
Median price: $1,522,500
Percentage increase: 31.3%
Hampton Bays
Median price: $1,074,500
Percentage increase: 26.4%
Bridgehampton
Median price: $6,990,000
Percentage increase: 26.1%
Southampton
Median price: $2,650,000
Percentage increase: 24.7%
Sag harbour
Median price: $3,175,000
Percentage increase: 20.4%
East Hampton
Median price: $2,350,000
Percentage increase: 17.5%
Quoog
Median price: $2,655,000
Percentage increase: 8.4%
