South Fork

The South Fork reported 419 single-family home sales in Second Quarter 2025, up 16% versus last year. This was the first time sales increased on an annual basis for three consecutive quarters since 2021. Despite the annual increase, reported closings were 7% lower than last quarter.

Compared to Second Quarter 2024, 11 of 14 submarkets saw more sales, while two submarkets were lower and one was level with last year. Amagansett had the greatest annual percentage gain of 144%, with reported closings more than doubling to 22 sales from nine last year. East Hampton Village had the most significant drop, down 59%, with fewer than half the number of sales, falling from 17 to seven.

Dollar volume trends followed the rise in sales, climbing 15% year-over-year to $1.409B. On an annual basis, eight submarkets reported growth in volume, while six reported decreases. Amagansett saw the largest percentage gain, as closings over $10M doubled, with one sale exceeding $24M. East Hampton Village experienced the steepest drop in volume because of fewer sales, resulting in a 57% reduction.

Median price was level with last year after rising annually in six of the past seven quarters. Compared to a year ago, eight submarkets reported declines in median price. East Hampton Village had the most notable increase, up 43%, with four of the seven sales closing above $10M. Notably, 35 East Dune Lane, a four bedroom oceanfront home, closed for $20M. Amagansett had the largest percentage drop in median price of any village or hamlet, down 19% year-over-year due to a greater share of sales below $4M.

North Fork

North Fork single-family home sales fell 5% annually to 98 reported closings in Second Quarter 2025. This marked the third annual decline in North Fork sales over the past four quarters. Four of the six submarkets reported year-over-year decreases. Greenport saw the sharpest drop, down 24% with four fewer sales. On the other hand, Aquebogue/Jamesport had the strongest percentage gain on the North Fork, up 45% from 11 to 16 sales compared to last year.

Four of six North Fork submarkets saw sales volume rise versus 2024, driven by higher prices. Aquebogue/Jamesport increased most significantly in sales volume, up 83% to $18.526M with a larger number of sales above $1M versus Second Quarter 2024. Mattituck/Laurel posted the largest annual decrease, down 13%, just behind Greenport’s 12% drop, primarily due to fewer closings in the submarket.

Overall, median price increased 13% year-over-year to $999K, the largest annual percentage increase since First Quarter 2023. Average price climbed more sharply, up 21%, marking the third consecutive annual rise, supported by a 50% jump in the number of sales above $1.5M on the North Fork. This was the biggest year-over-year increase in average price since Third Quarter 2022. Nevertheless, average price remained 9% below its peak in Fourth Quarter 2024.

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 Second Quarter 2025, South Fork luxury average price fell by 4%, down to $13.821M. Median price increased by 7% to $11.250M due to a larger share of sales above $15M.

Second Quarter 2025’s most expensive reported sale was an off-market compound on Further Lane in East Hampton, closing for $48.500M. East Hampton accounted for more of the South Fork’s luxury sales than any other submarket, with eight closings, including the fourth priciest South Fork luxury sale, a waterfront seven-bedroom, 12,000 square foot home on Beach Lane, closing for $27.5M. Amagansett, East Hampton Village, and Water Mill each had six luxury sales.

The average luxury sale price on the North Fork increased 26% annually, and median price expanded 8% year-over-year. Two sales closed above $4M, compared to none last year. The highest-priced sale on the North Fork was a three-bedroom, three-and-a-half-bathroom residence on Shelter Island Sound with 100 feet of beachfront, trading for $6.725M.