During the last three months of 2025, average home prices rose more than 33 percent annually to more than $2.3 million, according to a report by appraisal firm Miller Samuel for Douglas Elliman. The price is a record high for the wealthy enclave.
A second record for the market was recorded in the fourth quarter, with 82 homes sold for more than $5 million.
This period caps a return to form in the Hamptons in 2025, buoyed by a strong luxury wave in markets across the country. The Hamptons submarket has been hit with a double whammy due to rising prices: a booming stock market and no inventories, according to report author Jonathan Miller.
Like other markets, the Hamptons saw deals for more affordable homes lag due to high mortgage rates, while luxury homes traded at peak prices and typically to cash buyers.
By early 2025, average prices had exceeded $2 million for the first time. The share of homes selling for more than $1 million has historically been 50 percent in the Hamptons, but dropped to below 30 percent last quarter, according to Miller.
“A lot of this price growth is not so much appreciation as it is a shift in the mix toward larger units,” Miller said.
The absolute top of the market felt that movement last year. In 2025, the ten most expensive deals in the Hamptons accounted for $579 million in transaction volume, a significant increase from $327 million in 2024.
“It’s all driven by the economy,” said Martha Gundersen of Douglas Elliman, which listed in Bridgehampton in October for a sale of $57 million. Gundersen noted that Wall Street bonuses attract a large portion of first-time Hamptons buyers looking for a market under $20 million, while deals over $20 million often attract “unique buyers.”
“[They] a company sold, a company owner [are] CEO of a company that is a financial institution that is doing very, very well,” she said of the buyer profile of the ultra-luxury housing stock.
This year also saw the most expensive single-lot home sale in Hamptons history, when Len Blavatnik of Access Industries paid a record $115 million for eight and a half acres at 408 Further Lane.
In the fourth quarter there were approximately 1,000 homes on the market, well below the long-term historical average. The 470 sales were above the ten-year average for the fourth quarter.
“That’s the wild card in terms of seeing more activity in the Hamptons in 2026 as more sellers dip their toe into the market,” he said.
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