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Foreclosures in Montauk, NY

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Montauk, NY Foreclosures

How much do homes sell for in Montauk, NY?
The average home price is currently $1,587,306.
In Montauk, NY, how many homes are available?
There are currently 5 active home listings available in Montauk.
What’s the average rental cost in Montauk, NY?
The average rental price in Montauk is $3,251.
What is the most expensive home in Montauk?
The most expensive home sold in Montauk had a price of $54,741,400.
What is currently the cheapest priced home in Montauk, NY?
The cheapest home for sale in Montauk is priced at $19,294.

Living in Montauk, NY

Montauk, NY, is a coastal paradise with beautiful beaches, excellent dining options, and a variety of outdoor activities. Known for its iconic lighthouse and lively summer atmosphere, it's a popular destination for tourists and a beloved haven for residents.

Current Market Conditions in Montauk, NY

The Montauk real estate market has seen a significant increase in demand over the past year, driven by the post-pandemic surge in interest for vacation homes and remote work opportunities. The desirability of coastal living has resulted in a competitive environment, with many properties selling above the asking price. Luxury oceanfront homes are particularly sought after, often attracting buyers willing to pay a premium for views and access to the beach.

As of late 2023, the inventory of homes for sale in Montauk remains low, contributing to higher home prices. Anecdotally, many homes that are priced competitively are receiving multiple offers. The market for rental properties is also strong, catering to the influx of summer tourists seeking accommodation.

Home Value Estimator For Montauk, NY

There are currently 4,004 real estate properties in Montauk, NY, with a median automated valuation model (AVM) price of $1,412,243.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Montauk, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Montauk, NY, is $1,587,306.00, with the most expensive house in Montauk, NY, topping out at $54,741,400.00 and the cheapest home in Montauk, NY, clocking in at $19,294.00. In other words, there’s something for every potential homebuyer or savvy investor in Montauk, NY!

Rent Prices In Montauk, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Montauk, NY, is on a rollercoaster ride. The average rent price in Montauk, NY, is $3,251.00. Indeed, when looking to rent in Montauk, NY, you can expect to pay as little as $1,590.00 or as much as $7,020.00, with the average rent median estimated to be $3,370.00. The good news is that finding an affordable and desirable property to rent in Montauk, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Montauk, NY Foreclosures


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