South Fork

The South Fork reported 413 single-family home sales in Third Quarter 2025, up 6% annually. This was the fourth consecutive annual increase in closings, the longest positive trend since 2021.

Compared to a year ago, sales were lower in five submarkets, level in four submarkets, and higher in five submarkets. Southampton Village had the largest annual gain of 173%, with reported sales nearly tripling to 30 closings from 11 last year. Quogue had the most significant percentage drop, down 47% versus last year’s three-year high.

Annual increases in sales and average price pushed dollar volume up 12% to $1.398B. On an annual basis, six submarkets reported growth in volume, while eight reported decreases. Southampton Village saw the largest percentage gain, boosted by seven sales over $10M compared to none a year ago. As with the number of closings, Quogue had the steepest drop in dollar volume, down 31% year-over-year.

While median price fell 3% annually, it was still at its second-highest figure on record. Quogue had the most notable increase, up 129% to $6.069M due to a larger share of sales over $4M. Bridgehampton/Sagaponack had the largest percentage drop of the South Fork, down 43% due to a greater market share of sales below $4M than a year ago.

North Fork

North Fork single-family home sales fell 21% annually to 81 reported closings in Third Quarter 2025. Sales have declined year-over-year for 13 of the last 16 quarters. Five of six submarkets reported year-over-year decreases in closings; Mattituck/Laurel was the only one with no annual change in sales. Southold/Peconic had the sharpest decrease in activity, down 33%, a difference of 11 sales.

Despite no North Fork submarkets reporting an increase in sales, half showed an increase in dollar volume due to rising prices. Dollar volume in Cutchogue increased most significantly, up 44% to $30.649M thanks to three closings over $2M this quarter, one of which was $8M, versus none last year. Southold/Peconic saw the largest decrease in volume, down 49% due to a sharp decline in closings.

Average and median price statistics were boosted by annual increases in Cutchogue and Greenport. North Fork median price increased 18% year-over-year to a record $1.125M, the largest such increase since Second Quarter 2021. Average price climbed year-over-year for the fourth consecutive quarter, up 12% to its second-highest average ever of $1.359M.

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 Third Quarter 2025, South Fork luxury average price increased 12% to $12.245M. Median price increased 16% to $10.800M due to a larger share of sales over $20M and a smaller share below $8M.

Third Quarter 2025’s most expensive reported sale was a Southampton Village oceanfront home on Meadow Lane for $32M. Southampton Village also had the second most expensive sale, a bayfront Meadow Lane estate that closed for $26M. Southampton Village and Bridgehampton were tied for the greatest number of South Fork luxury sales at nine each.

The average luxury sale price for the North Fork increased 17% annually, and median price expanded 22% year-over-year. The increases were the result of a greater share of closings over $2.5M than a year ago. The highest-priced North Fork sale was a 5,500-square-foot home with 200 feet of beach access on Peconic Bay for $8M.