Hamptons home sales have surged in 2025 — with prices hitting a record high

New York Post - Apr 25th, 2025
Open on New York Post

The Hamptons real estate market has reached a historic milestone, with the median sale price surpassing $2 million for the first time ever. According to a report by Miller Samuel for Douglas Elliman, the first quarter of 2025 saw a surge in home sales, particularly in the $1 million to $5 million segment, which accounted for 54.6% of transactions. This marks a significant increase from the previous year, where only 39% of sales fell within this range. The number of sales nearly doubled compared to the first quarter of 2024, growing by 85.5%, with 420 closed deals. This trend reflects the return of financially confident buyers who are more open to taking out mortgages, despite ongoing struggles in the ultra-luxury market where sales and average prices have declined.

The rising home prices in the Hamptons coincide with a successful year on Wall Street, as increased profits and bonuses boost the spending power of potential buyers. Report author Jonathan Miller highlights the correlation between Wall Street gains and the Hamptons market, describing them as "joined at the hip." Additionally, the increase in listing inventory, up by 9.7% in early 2024, has reduced bidding wars, enabling more sales. This development suggests a dynamic shift in buyer behavior, with a focus on mid-range properties as the ultra-luxury segment continues to falter. The implications of this trend could influence future market strategies and investment decisions in this prestigious enclave.

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RATING

8.0
Fair Story
Consider it well-founded

The article provides a well-researched and timely overview of the Hamptons real estate market, highlighting significant trends and data points that are largely supported by credible sources. It effectively communicates the dynamics of the market, particularly the rise in mid-range property sales and the challenges facing the ultra-luxury segment. However, the story could benefit from broader perspectives, including those of local residents and potential buyers, to enhance its balance and public interest. While the article is clear and engaging for readers interested in real estate, its impact and engagement with a wider audience may be limited due to its niche focus. Overall, the article is a reliable and informative piece for those interested in the specifics of the Hamptons market, though it could improve in areas such as transparency and public interest by providing more context and broader perspectives.

RATING DETAILS

8
Accuracy

The story is largely accurate, with most key claims supported by data from Miller Samuel's quarterly report. The median sale price in the Hamptons surpassing $2 million, the 85.5% year-over-year sales growth, and the dominance of the 'Hamptons Middle' segment are consistent with the report's findings. However, certain figures, such as the 54.6% share of sales in the mid-range segment, are not explicitly verified in the sources, though they align with reported trends. Some claims, like the 'plummeting by $200 million' in the ultra-luxury market, lack direct quantification. Overall, the story's factual basis is strong, but a few details require further verification.

7
Balance

The article presents a balanced view of the Hamptons real estate market, discussing both the booming mid-range segment and the struggling ultra-luxury market. It highlights the factors driving the market, such as Wall Street bonuses, while also noting the challenges, like increased inventory reducing bidding wars. However, the story could benefit from including perspectives from potential buyers or local residents affected by these trends, which would provide a more comprehensive view of the market dynamics.

8
Clarity

The article is generally clear and well-structured, presenting information logically and coherently. The language is straightforward, making it accessible to a general audience. However, certain terms, like 'Hamptons Middle,' could be better defined for readers unfamiliar with real estate jargon. Additionally, the article could benefit from a clearer explanation of the implications of the trends discussed, such as how they might affect local communities or future market conditions.

9
Source quality

The article relies on credible sources, primarily the quarterly report by Miller Samuel for Douglas Elliman, a respected authority in real estate analytics. The inclusion of direct quotes from Jonathan Miller adds credibility. However, the story could be strengthened by incorporating additional independent sources or expert opinions to corroborate the findings and provide a broader context.

8
Transparency

The article is transparent in attributing its data to Miller Samuel's report and includes quotes from the report's author, Jonathan Miller. However, it could improve transparency by providing more details on the methodology used in the report, such as how data was collected and analyzed. Additionally, disclosing any potential conflicts of interest, such as relationships between the report's authors and the real estate market players, would enhance transparency.

Sources

  1. https://therealdeal.com/new-york/tristate/2025/04/24/hamptons-luxury-market-starts-2025-on-a-high-note/
  2. https://southforker.com/2025/01/02/south-fork-dream-home-hamptons-real-estate-year-in-review-plus-pro-predictions/
  3. https://thehamptonsbest.com/blog/hamptons-real-estate-market-prediction-for-2025-trends-challenges-and-opportunities
  4. https://www.estateagenttoday.co.uk/breaking-news/2024/11/hamptons-new-property-market-cycle-to-start-in-2025/
  5. https://libn.com/2025/04/03/east-end-home-sales-and-prices-on-the-rise/