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Sag Harbor, NY Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sag Harbor, NY Housing Market Trends

With 2,772 people, 926 houses or apartments, and a median cost of homes of $2,253,066, 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 86.19% of the village's housing units. Other types of housing that are prevalent in Sag Harbor include duplexes, homes converted to apartments or other small apartment buildings ( 5.66%), row houses and other attached homes ( 4.17%), and a few large apartment complexes or high rise apartments ( 3.98%).

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 69.36% of Sag Harbor's homes, and 66.40% 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 ( 26.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.33%). There's also some housing in Sag Harbor built between 1940-1969 ( 20.09%).

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 107.27% over the last ten years, which is an average annual home appreciation rate of 7.56%, 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.

Over the last year, Sag Harbor appreciation rates have trailed the rest of the nation. In the last twelve months, Sag Harbor's appreciation rate has been 9.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sag Harbor were at 0.89%, which equates to an annual appreciation rate of 3.61%.

Notably, Sag Harbor's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$2,253,066

Sag Harbor, NY HOME PRICES

> $1,393,000
$1,045,001 - $1,393,000
$697,001 - $1,045,000
$558,001 - $697,000
$418,001 - $558,000
$279,001 - $418,000
$139,001 - $279,000
$70,001 - $139,000
$0 - $70,000
66.6%
66.6%
20.3%
20.3%
5.1%
5.1%
2.8%
2.8%
1.5%
1.5%
1.4%
1.4%
1.2%
1.2%
0.0%
0.0%
1.1%
1.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for NY

Value Relative To Nation

Number Of Homes And Apartments:
926

Sag Harbor Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
292.58% 6.27%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$5,279 / per month

Homeownership Rate

Owners
Renters
Vacant
69.4%
69.4%
30.6%
30.6%
55.6%
55.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.3%
20.3%
33.5%
33.5%
20.1%
20.1%
26.1%
26.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.2%
86.2%
4.2%
4.2%
5.7%
5.7%
4.0%
4.0%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
6.0%
6.0%
16.0%
16.0%
42.3%
42.3%
24.1%
24.1%
9.4%
9.4%
0.0% 100.0%
% OF HOMES