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Foreclosure Homes in Water Mill, NY

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Water Mill, NY Foreclosures

Current Market Conditions in in Water Mill, NY As of April 2026?
In the past month, the Water Mill real estate market has remained robust, with several new listings receiving multiple offers shortly after debuting. This surge in activity is indicative of the ongoing demand for homes as buyers seek to establish themselves in this idyllic coastal community. Some homes have sold well above the asking price, highlighting the competitive nature of the market. The increased buyer interest, especially among those seeking vacation properties, continues to drive prices upward.
How much do homes sell for in Water Mill, NY?
The average home price is currently $5,881,909.
In Water Mill, NY, how many homes are available?
There are currently 4 active home listings available in Water Mill.
What’s the average rental cost in Water Mill, NY?
The average rental price in Water Mill is $4,031.
What is the most expensive home in Water Mill?
The most expensive home sold in Water Mill had a price of $132,899,032.
What is currently the cheapest priced home in Water Mill, NY?
The cheapest home for sale in Water Mill is priced at $18,950.

Living in Water Mill, NY

Water Mill, NY, is a picturesque hamlet known for its stunning beaches and upscale properties. It offers a blend of luxury living and tranquil rural charm. Residents enjoy a wealth of outdoor activities and a tight-knit community with easy access to necessary amenities.

Buyer vs Seller Market in Water Mill, NY

The real estate market in Water Mill has shown consistent growth, with property values steadily increasing due to high demand, especially for waterfront homes. The appeal of the Hamptons as a summer getaway destination drives interest among affluent buyers, resulting in competitive offers and a limited inventory.

Currently, various properties range from charming cottages to luxurious estates, attracting a diverse group of buyers. Short-term rentals are also popular, contributing to market activity.

Home Value Estimator For Water Mill, NY

There are currently 2,600 real estate properties in Water Mill, NY, with a median automated valuation model (AVM) price of $4,849,162.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Water Mill, 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 Water Mill, NY, is $5,881,909.00, with the most expensive house in Water Mill, NY, topping out at $132,899,032.00 and the cheapest home in Water Mill, NY, clocking in at $18,950.00. In other words, there’s something for every potential homebuyer or savvy investor in Water Mill, NY!

Rent Prices In Water Mill, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Water Mill, NY, is on a rollercoaster ride. The average rent price in Water Mill, NY, is $4,031.00. Indeed, when looking to rent in Water Mill, NY, you can expect to pay as little as $1,990.00 or as much as $7,020.00, with the average rent median estimated to be $3,990.00. The good news is that finding an affordable and desirable property to rent in Water Mill, 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.

Water Mill, NY Foreclosures

Market Trend for Water Mill, NY

Total Listings Available: 4

Market Values:

Home Prices from $18,950 to $132,899,032

Average Sales Price: $5,881,909

Rental Values:

Rental from $1,990 to $7,020

Average Rent Value: $4,031 / month

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