Is Water Mill, NY 11976 a buyer’s or seller’s market?
Water Mill is a buyer’s market. With about 14.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Water Mill housing market right now
In the three months ending August 31, 2026, 0% of homes in Water Mill, NY 11976 sold above their list price, the typical home went under contract in 60 days and there were 14.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (28 days then) and the median sale price fell 56% to $1,999,135. Overall, Water Mill is less competitive than a year ago, which gives buyers more room.
Within Suffolk County, homes here sell more slowly than in 79% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, West Sayville 11796 (100% sold over asking) and Peconic 11958 (100% sold over asking) are even more competitive.
Run the numbers for 11976
Nearby markets
Amagansett 11930Balanced $988 /sq ftAmityville 11701Seller’s market $442 /sq ftBabylon 11702Seller’s market $455 /sq ftBay Shore 11706Seller’s market $426 /sq ft Browse all markets →Towns like Water Mill nearby
Find towns like Water Mill in other states →Where Water Mill is
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Questions about Water Mill real estate
Is Water Mill a buyer’s or seller’s market?
A buyer’s market: there were 14.1 months of supply in Water Mill, NY 11976 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Water Mill?
The typical home went under contract in 60 days in the latest three months.
Do homes in Water Mill sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 91.6% of the list price.
What are property taxes in Water Mill?
About 1.73% of a home’s value a year in Suffolk County, or roughly $6,920 on a $400,000 home.
What is the median home price in Water Mill?
The median sale price was $1,999,135 in the three months ending August 31, 2026, about $943 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology