As of January 2024, home prices in The Hamptons have seen a 4.3% increase from the previous year, with the median selling price reaching $1.2 million. Homes in this area are selling more quickly, averaging 49 days on the market, a decrease from the 65 days observed last year. However, the number of homes sold in January has declined to 147 from 190 the year before, indicating a potential tightening in market availability or shifts in buyer demand.

The Hamptons' real estate market is relatively non-competitive. Properties typically sell in about 62.5 days, with instances of multiple offers being uncommon. On average, homes sell for roughly 4% less than their listing price and go under contract approximately 63 days after being listed. However, highly sought-after properties ("hot homes") may sell close to their asking price and tend to go pending in nearly 29 days.

Living in The Hamptons, NY, offers a unique blend of oceanside charm, rural atmosphere, historic significance, and a touch of exclusivity, all within a short drive from New York City. The area is celebrated for its sophisticated art scene, with galleries and museums showcasing works by renowned artists and a history of famous artists living and working in the region.

The Hamptons hosts vibrant summer parties, boasts famous surf spots like Ditch Plains in Montauk, and offers a variety of nature hikes in places like Hither Hills. Dining options range across all price points, offering everything from casual eats to upscale restaurants. Despite its popularity among celebrities, The Hamptons maintains a low-key atmosphere with limited paparazzi presence, making it an ideal escape for those looking for privacy and relaxation