WESTHAMPTON HOUSING MARKET DATA

There was an increase in total units sold in May, with 31 sold this month in Westhampton Real Estate versus 25 last month, an increase of 24%. This month's total units sold was lower than at this time last year, a decrease of 24% versus May 2024.

Versus last year, the total number of homes available this month is lower by 2 units or 7%. The total number of active inventory this May was 27 compared to 29 in May 2024. This month's total of 27 is higher than the previous month's total supply of available inventory of 24, an increase of 13%.

Last May, the median sale price for Westhampton Homes was $652,500. This May, the median sale price was $630,000, a decrease of 3% or $22,500 compared to last year. The current median sold price is 7% lower than in April.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In May, there was 0.9 months of supply available in Westhampton, compared to 0.7 in May 2024. That is an increase of 23% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 38 homes newly listed for sale in Westhampton compared to 41 in May 2024, a decrease of 7%. There were 32 current contracts pending sale this May compared to 29 a year ago. The number of current contracts is 10% higher than last May.

In May, the average sale price in Westhampton was 104.9% of the average list price, which is 3.3% lower than at this time last year.

This month, the average number of days on market was 12, higher than the average last year, which was 10, an increase of 20%.





FOCUS ON: WESTHAMPTON HOUSING MARKET			MAY 2025

Zip Code(s): 23226
Units Sold 31	Active Inventory 27	Median Sale Price $630,000	Days On Market 12

Down -24% Vs. Year Ago	Down -7% Vs. Year Ago	Down -3% Vs. Year Ago	Up 20% Vs. Year Ago


		Units Sold There was an increase in total units sold in May, with 31 sold this month in Westhampton Real Estate versus 25 last month, an increase of 24%. This month's total units sold was lower than at this time last year, a decrease of 24% versus May 2024.
Active Inventory Versus last year, the total number of homes available this month is lower by 2 units or 7%. The total number of active inventory this May was 27 compared to 29 in May 2024. This month's total of 27 is higher than the previous month's total supply of available inventory of 24, an increase of 13%.
		Median Sale Price Last May, the median sale price for Westhampton Homes was $652,500. This May, the median sale price was $630,000, a decrease of 3% or $22,500 compared to last year. The current median sold price is 7% lower than in April. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 38	Current Contracts 32	Sold Vs. List Price 104.9%	Months of Supply 0.9

Down -7% Vs. Year Ago	Up 10% Vs. Year Ago	Down -3% Vs. Year Ago	Up 23% Vs. Year Ago


		Months of Supply In May, there was 0.9 months of supply available in Westhampton, compared to 0.7 in May 2024. That is an increase of 23% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 38 homes newly listed for sale in Westhampton compared to 41 in May 2024, a decrease of 7%. There were 32 current contracts pending sale this May compared to 29 a year ago. The number of current contracts is 10% higher than last May.
		Sale Price to List Price Ratio In May, the average sale price in Westhampton was 104.9% of the average list price, which is 3.3% lower than at this time last year. Days on Market This month, the average number of days on market was 12, higher than the average last year, which was 10, an increase of 20%.


	Westhampton are defined as properties listed in zip code/s 23226.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by CVRMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of CVRMLS or Long & Foster Real Estate, Inc.