Hamptons Market Notches Record Fourth Quarter

The Hamptons’ residential market rode Wall Street money and tight inventory to a banner quarter.

During the last three months of 2025, median home prices rose over 33 percent annually to over $2.3 million, according to a report from appraisal firm Miller Samuel for Douglas Elliman. The price marks an all-time high for the wealthy enclave.

The fourth quarter saw a second record for the market, with 82 homes sold for over $5 million.

The period caps off a return to form in the Hamptons in 2025, swept up by a strong luxury wave in markets around the country. The Hamptons submarket has been hit by a double-whammy for surging prices: a booming stock market and no inventory, according to report author Jonathan Miller.

Like other markets, the Hamptons saw deals for more affordable homes lag amid high mortgage rates, while luxury homes trade for peak prices and typically to all-cash buyers.

Median prices had cracked $2 million for the first time at the start of 2025. The share of homes sold for over $1 million has historically been 50 percent in the Hamptons, according to Miller, but last quarter it fell to below 30 percent.

“A big part of this price growth, it’s not appreciation as much as it is a shift in the mix towards larger units,” said Miller.

The very top of the market felt that movement last year. In 2025, the top 10 priciest 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 Douglas Elliman’s Martha Gundersen, who had the listing for a $57 million sale in Bridgehampton in October. Gundersen noted that Wall Street bonuses drive much of the first-time Hamptons buyers who look in the sub-$20 million market, while the deals over $20 million often attract “unique buyers.”

“[They] sold a company, own a company [are] CEO of a company that is a financial institution that does really, really well,” she said of the buyer profile of the ultra-luxury housing stock.

This year also saw the most expensive single-lot residential sale in Hamptons history, when Access Industries’ Len Blavatnik paid a record $115 million for eight-and-a-half acres at 408 Further Lane.

There were roughly 1,000 homes on the market in the fourth quarter, well below the long-term historical average. The 470 sales were above the 10-year average for the fourth quarter.

“That’s the wild card in terms of seeing more activity in the Hamptons in 2026 will be, whether more sellers dip their toe into the market,” he said.