Sag Harbor, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sag Harbor Neighborhoods Since 2000




Sag Harbor, NY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sag Harbor Housing Market Information

With 2,282 people, 876 houses or apartments, and a median cost of homes of $1,311,266, Sag Harbor house prices are not only among the most expensive in New York, Sag Harbor real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sag Harbor, accounting for 86.46% of the village's housing units. Other types of housing that are prevalent in Sag Harbor include large apartment complexes or high rise apartments ( 7.02%), duplexes, homes converted to apartments or other small apartment buildings ( 5.69%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sag Harbor. Owner-occupied housing accounts for 76.64% of Sag Harbor's homes, and 62.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sag Harbor built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sag Harbor built before 1939 ( 31.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.75%). There's also some housing in Sag Harbor built between 2000 and later ( 10.94%).

A decent proportion of the Sag Harbor housing stock is seasonally occupied. That is, homes and condos in Sag Harbor are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Sag Harbor housing market speaks to its popularity as a vacation location of choice.

Sag Harbor Home Appreciation Rates

In the last 10 years, Sag Harbor has experienced some of the highest home appreciation rates of any community in the nation. Sag Harbor real estate appreciated 19.85% over the last ten years, which is an average annual home appreciation rate of 1.83%, putting Sag Harbor in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sag Harbor definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sag Harbor's appreciation rate, at 4.47%, has been at or slightly above the national average. In the latest quarter, Sag Harbor's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

Relative to New York, our data show that Sag Harbor's latest annual appreciation rate is higher than 70% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$1,311,266

Sag Harbor, NY HOME PRICES

Value Range
> $1,225,000 46.3
$919,001 - $1,225,000 29.5
$612,001 - $919,000 15.6
$490,001 - $612,000 3.8
$367,001 - $490,000 0.7
$245,001 - $367,000 2.2
$122,001 - $245,000 0.4
$61,001 - $122,000 0.4
$0 - $61,000 1.1

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
0.609398804640806 2.02020202020202

Number Of Homes And Apartments:
876

Sag Harbor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
149.06% 5.43% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,419 / per month

Homeownership Rate

Homeownership
Owners 76.64
Renters 23.36
Vacant 57.02

Housing Market Details

 

Age of Homes

AGE OF Sag Harbor HOMES
2000 or Newer 10.9
1970 - 1999 34.0
1940 - 1969 23.7
1939 or Older 31.4

Types of Homes

TYPE OF Sag Harbor HOMES
Single-Family 86.5
Townhomes 0.0
Small Apt. Buildings 5.7
Apt. Complexes 7.0
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Sag Harbor HOMES
No Bedroom 0.00
1 Bedroom 9.18
2 Bedrooms 22.23
3 Bedrooms 37.93
4 Bedrooms 24.48
5 or more bedrooms 6.18