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WATER MILL, NY 11976

Real Estate Market Report  ·  Suffolk County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The WATER MILL, NY real estate market (11976) currently shows 87 active listings, with 12 pending sales. Homes are averaging 152 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 152 days on market compared to 141 days last year.

The median listing price has risen 12.2% year-over-year, from $6,850,000 to $7,683,750.

Whether you are buying or selling in WATER MILL, NY, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 2,437  ·  Density: 72.5/mi²  ·  Median household income: $185,000

Typical home value: $1,961,720  ·  Homeownership: 91.1%

Market Overview

Active Listings
87
⇧ 7.4% vs 81 last year
Pending
12
14% pending ratio
Median Price
$7,683,750
⇧ 12.2% vs $6,850,000 last year
Average Price
$11,788,428
⇧ 1.9% vs $11,563,415 last year
Days on Market
152
⇧ 7.8% vs 141 days last year

Price Per Square Foot

Median $/sqft
$1,286
⇧ 8.8% vs $1,182/sqft last year
Median Home Size
6,443 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 87 this year vs 81 last year
  • Days on market: 152 now vs 141 last year

Median & Average Pricing

Year over Year
  • Median: $7,683,750 (+12.2% YoY)
  • Average: $11,788,428 (+1.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.8 miles — 432 listings ($2,851,532,735 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
11976Water Mill, NY 119760.0 mi83$987,115,597$7,558,750$11,892,959
11962Sagaponack, NY 119623.9 mi15$390,892,995$14,995,000$26,059,533
11963Sag Harbor, NY 119635.0 mi139$820,665,730$3,836,250$5,904,070
11956New Suffolk, NY 119567.2 mi2$5,500,000$2,750,000$2,750,000
11964Shelter Island, NY 119649.0 mi48$175,464,624$2,462,250$3,655,513
11971Southold, NY 119719.9 mi42$90,049,302$1,775,000$2,144,031
11965Shelter Island Heights, NY 1196510.2 mi8$51,590,000$4,995,000$6,448,750
11948Laurel, NY 1194811.3 mi7$9,048,375$764,000$1,292,625
11970South Jamesport, NY 1197011.9 mi2$3,929,000$1,964,500$1,964,500
11942East Quogue, NY 1194213.3 mi40$85,301,560$1,462,250$2,132,539
11939East Marion, NY 1193913.6 mi11$16,498,702$1,368,750$1,499,882
11959Quogue, NY 1195915.4 mi20$156,458,780$5,458,750$7,822,939
11957Orient, NY 1195715.8 mi15$59,018,070$1,450,000$3,934,538

Frequently Asked Questions

How many homes are for sale in WATER MILL, NY 11976?

As of March 2026, there are 87 active listings in WATER MILL, NY (zip code 11976), compared to 81 the prior year.

What is the median home price in WATER MILL, NY 11976?

The median listing price in WATER MILL, NY 11976 is $7,683,750 as of March 2026, a 12.2% increase from $6,850,000 the prior year.

How long do homes stay on the market in WATER MILL, NY?

Homes in WATER MILL, NY 11976 spend an average of 152 days on the market before going under contract, compared to 141 days the prior year.

Is it a seller's or buyer's market in WATER MILL, NY 11976?

Based on current inventory and days-on-market data as of March 2026, WATER MILL, NY 11976 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 152 days on market compared to 141 days last year.

How much can I save on real estate commission in WATER MILL, NY?

With SELL123.com's maximum 3% commission, sellers in WATER MILL, NY 11976 save an estimated $153,675 compared to a typical 5% commission on the median listing price of $7,683,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.