Sag Harbor, NY Real Estate Listings & Homes for Sale

In January 2025, Sag Harbor’s real estate market saw a decline, with home prices dropping 25.3% from the previous year, bringing the median sale price to $2.2 million. Homes sold for an average of $1,520 per square foot, typically 2% below the list price, and spent about 60 days on the market. With only two homes sold, the market reflects a slower pace, potentially offering opportunities for buyers.

Sag Harbor’s real estate market is somewhat competitive, with homes typically selling in about 60 days. While most properties sell for around 2% below the list price, some receive multiple offers. Highly desirable hot homes can sell for 2% above the asking price and go under contract in as little as 39 days, making it essential for buyers to act quickly on prime properties.

As of January 2025, Sag Harbor, NY, is a buyer's market, meaning there are more homes available than there are buyers actively looking. This increased inventory gives buyers greater negotiating power, potentially leading to lower prices, seller concessions, and longer days on the market. For those considering a purchase, this could be an ideal time to explore opportunities and secure a home at a more competitive price.