Water Mill, NY Housing Market

$4,717,148

5.2% 1-yr

The average Water Mill, NY home value is $4,717,148, up 5.2% over the past year. (Updated on 5/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Water Mill Key Takeaways

Typical Home Values: $4,717,148

1-Year Value Change: +5.2%

(Data through May 31, 2026)

Water Mill Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 51 (May 31, 2026)

New Listings: 9 (May 31, 2026)

Median Sale to List Ratio: --

Median Sale Price: --

Median List Price: $4,272,500 (May 31, 2026)

Percent of Sales Over List Price: --

Percent of Sales Under List Price: --

Median Days to Pending: --

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Water Mill

NameMedian ZHVI
North Sea$1,592,813
Southampton Village$4,139,607
Noyack$1,832,316
North Haven$3,471,097
East Hampton Village$5,942,935
Northwest Harbor$2,143,306
East Hampton North$2,076,121
Dering Harbor--
Springs$1,470,543

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Water Mill Rental Market Trends

Average Rent: $101,806 (May 31, 2026)

National Average Rent: $1,951 (May 31, 2026)

Month-Over-Month Change: -3.3% (May 31, 2026)

Year-Over-Year Change: --

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.