Hamptons Q1 Market Report 2026

Tim Davis

1ST QUARTER REPORT 2026

The South Fork reported 373 single-family home sales in First Quarter 2026, down 17% from a year ago. This reversed a five-quarter trend of higher or steady sales, the longest such streak since 2021. The four submarkets west of the canal experienced year-over-year declines in the number of reported closings or remained unchanged. However, four of the ten hamlets east of the canal reported robust double-digit gains. Southampton Village had the largest percentage increase with 28% more reported sales than a year ago. Meanwhile, East Hampton Village and Amagansett sat at the opposite end, reporting 45% fewer sales each.

Median and average price climbed 21% and 18%, respectively, but sales volume inched down 3% because of the decrease in closings. Across the region, six submarkets posted year-over-year dollar volume gains, while eight moved in the opposite direction. Bridgehampton/Sagaponack saw the most dramatic gain with more than twice as much dollar volume as a year ago. This increase was driven in part by three sales at or above $20M, including one at $58M, whereas a year ago no sales exceeded that threshold. Amagansett saw the steepest decline, with dollar volume sliding 62% because one $70M sale last year skewed the number. Median price increased 21% to $2.4M, driven by annual gains in 10 of the 14 South Fork submarkets. Average price also increased, rising 18% yearover-year. Bridgehampton/Sagaponack posted the largest percentage increase for both price metrics. Average price was heavily influenced by the $58M sale, while median price rose as high-end transactions, particularly those over $5M, made up a larger share of the market.

LUXURY MARKET

THE RESIDENTIAL LUXURY MARKET

The luxury market is the top 10% of all home sales by price during the quarter. As various factors redefine the high-end market in any given period, price figures may exhibit more volatility than the market overall. However, because the luxury market is a fixed percentage of the overall market, its changes in the number of sales will always match the overall market. In First Quarter 2026, South Fork luxury average price jumped 16% to $14.977M. The number of transactions above $20M expanded significantly, rising from just four last year to eight this year. This increased concentration of ultra high-end sales, combined with a reduced share of transactions below $10M, also pushed the South Fork luxury median price up 29% to $11.750M. A year ago, 25 sales below $10M fell within the top 10% of the market; this year, just eight did. The most expensive sale of First Quarter 2026 was an oceanfront residence on Surfside Drive in Bridgehampton, which traded for $58M. Bridgehampton/Sagaponack recorded the highest number of South Fork luxury transactions, with 12 closings reported during the quarter.

LAND MARKET & INVENTORY

LAND MARKET

The South Fork recorded 26 vacant land closings this quarter, down 57% annually. Sales volume followed the same trend, dropping 22%. However, median price increased 54% to $1.688M because of an increased share of sales over $2M. The quarter’s highest-priced land sale was a $55M property offering 2.6 acres with 294 feet of water frontage on Georgica Pond. Reported North Fork land closings increased 8%, a difference of just one sale. Despite the minimal change in the number of sales, dollar volume surged 269%. Median price increased 9%, while average price more than tripled. The dramatic rise in volume and average price can be attributed to the quarter’s most expensive sale: 100 acres in East Marion known as Cove Beach. The land was purchased for $23.5M by the CEO of Apollo Global Management.

INVENTORY

Inventory is the number of East End properties listed for sale at the end of the quarter. At the end of March, there were 1,729 active listings, down 10% annually to the second-lowest first quarter level on record. 254 CAPTAINS NECK LANE, SOUTHAMPTON $11,250,000 | WEB ID: 931478