Water Mill, NY Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Water Mill, NY is $6.34M, down 45.9% year-over-year. Homes sell in an average of 381 days with 20 active listings. The market is currently a buyer's market.
$6.34Mmedian sale price
Homes sold
1
Last 12 weeks
Days on market
381
Average pace
Active listings
20
20.0 months supply
Sale-to-list
93.3%
Below asking
Water Mill, NY market data
| Metric | Value |
|---|---|
| Median sale price | $6.34M |
| Median list price | $5.99M |
| Year-over-year price change | -45.9% |
| Average days on market | 381 days |
| Active inventory | 20 listings |
| Months of supply | 20.0 months |
| Sale-to-list price ratio | 93.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Water Mill housing market is currently classified as a buyer's market with a median sale price of $6.34M. Prices have fallen 45.9% compared to last year, with homes spending an average of 381 days on market, indicating 20.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Water Mill
There are currently 20 homes listed for sale in Water Mill, New York. The median listing price is $6.0M.
Active listings
20
Homes on market
Median list price
$6.0M
Avg. days on market
381
Days until sale
New this week
5
Newly listed
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Frequently asked questions
What is the average home price in Water Mill?
The median home sale price in Water Mill is $6.34M, down 45.9% from last year.
How long do homes stay on market in Water Mill?
Homes typically spend 381 days on market before going under contract.
Is Water Mill a buyer's or seller's market?
With 20.0 months of supply, Water Mill is currently a buyer's market.
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