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Home prices on Long Island

Median price of luxury homes in the Hamptons rises to $6.6 million, an increase of 27.5 percent

The median price of luxury homes in the Hamptons, those homes selling for the top 10 percent of the overall price range, rose to $6.6 million in the first quarter of 2018, an increase of 27.5 percent compared with the same quarter in 2017, according to data from the brokerage Douglas Elliman and the appraisal company Miller Samuel.

The median for homes on the North Fork was down 23.7 percent to $1.5 million and the median for the rest of the Island was down 2.3 percent to $995,000. And that price rise in the Hamptons isn't universal. Read about the price pressure at the very top of the Hamptons market.

The chart and table below contain the quarterly details going back to 2011. Data updated on April 26, 2018.

Home prices in Long Island's luxury market

The median price of homes sold in the Hamptons, the North Fork and the rest of Long Island

Numbers for the luxury market on Long Island

Year-QuarterLong IslandHamptonsNorth Fork
2011-4$890,000$6,000,000$1,406,250
2012-1$941,500$4,940,000$1,158,000
2012-2$960,000$6,140,000$1,479,000
2012-3$1,020,000$3,900,000$1,535,000
2012-4$965,000$6,995,000$1,987,500
2013-1$930,000$3,677,250$1,156,250
2013-2$999,000$4,995,000$1,750,000
2013-3$1,075,000$4,450,000$1,110,000
2013-4$997,000$6,000,000$1,674,500
2014-1$987,500$5,650,000$2,630,500
2014-2$999,000$5,200,000$2,200,000
2014-3$1,145,000$6,504,375$1,250,000
2014-4$1,057,500$6,975,000$1,560,000
2015-1$1,135,000$5,500,000$1,682,500
2015-2$1,075,000$5,550,000$1,347,750
2015-3$1,070,000$5,325,000$1,790,000
2015-4$999,000$8,300,000$1,750,000
2016-1$1,125,000$5,500,000$1,600,000
2016-2$1,050,000$5,500,000$1,797,500
2016-3$1,132,500$6,250,000$1,725,000
2016-4$974,000$5,850,000$2,000,000
2017-1$1,018,000$5,175,000$1,999,000
2017-2$1,125,000$6,175,000$1,975,000
2017-3$1,177,000$5,561,500$1,322,500
2017-4$1,020,000$5,750,000$1,925,000
2018-1$995,000$6,600,000$1,525,000

Meanwhile, the overall home price picture

The median price of a home on Long Island in the first quarter of the year, excluding the East End, was was $410,000, up 6.5 percent over the same period in 2017, according to data from the brokerage Douglas Elliman and the appraisal company Miller Samuel. Hamptons prices bounced up and down and wound up flat for the year at $995,000 while the median North Fork home rose in value 17.9 percent to $612,500.

The chart and table below contain the quarterly details going back to 2010. Data updated on April 26, 2018.

Median home prices in the six Long Island regions


Median closing prices across Long Island (East End in second table below)

Year-QuarterNassau NorthSuffolk NorthNassau SouthSuffolk South
2018-1$803,750$405,000$466,000$317,500
2017-4$817,500$420,000$460,000$325,000
2017-3$875,000$435,000$474,000$325,000
2017-2$840,000$430,000$459,500$310,000
2017-1$775,000$405,000$437,250$300,000
2016-4$800,000$396,500$425,000$300,000
2016-3$830,000$415,000$439,000$309,500
2016-2$791,000$385,000$425,000$295,750
2016-1$765,000$370,000$403,500$267,500
2015-4$762,500$405,000$400,500$290,000
2015-3$777,500$407,000$421,000$299,000
2015-2$780,000$402,500$415,000$285,000
2015-1$748,250$396,000$390,000$275,000
2014-4$737,500$390,000$405,000$275,000
2014-3$775,000$421,250$390,000$292,000
2014-2$770,000$491,000$390,000$280,500
2014-1$697,944$437,500$372,000$269,000
2013-4$745,000$418,000$384,500$275,000
2013-3$750,000$489,000$385,000$280,000
2013-2$715,000$492,500$375,000$275,000
2013-1$675,000$457,500$355,000$280,000
2012-4$718,250$462,250$378,100$292,500
2012-3$740,000$469,500$390,000$285,000
2012-2$671,900$457,000$377,330$275,000
2012-1$667,500$439,000$359,000$269,000
2011-4$650,000$431,000$370,000$272,500
2011-3$755,000$472,500$385,000$295,000
2011-2$690,000$453,000$380,000$289,000
2011-1$665,000$435,000$370,000$241,250
2010-4$720,000$450,000$390,000$290,000
2010-3$795,000$517,000$400,000$292,000
2010-2$640,000$430,000$386,525$300,000

Median closing prices in the Hamptons and on the North Fork

Year-QuarterEast EndNorth Fork
2018-1$995,000$612,500
2017-4$995,000$597,500
2017-3$890,000$550,000
2017-2$1,030,000$551,000
2017-1$995,000$519,500
2016-4$925,000$595,000
2016-3$825,000$515,000
2016-2$975,000$535,000
2016-1$895,000$550,000
2015-4$997,000$522,500
2015-3$950,000$516,250
2015-2$849,000$517,400
2015-1$920,500$465,000
2014-4$975,000$457,500
2014-3$865,000$444,500
2014-2$908,500$477,500
2014-1$880,000$436,000
2013-4$770,500$453,500
2013-3$768,000$410,000
2013-2$920,000$459,750
2013-1$740,000$469,000
2012-4$907,000$482,500
2012-3$765,000$418,750
2012-2$850,000$415,000
2012-1$780,000$418,500
2011-4$780,000$450,000
2011-3$850,000$450,000
2011-2$937,500$427,500
2011-1$699,000$432,500
2010-4$900,000$470,000
2010-3$696,000$489,000
2010-2$900,000$415,000

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