Comprehensive market data and analysis• Updated Oct 2026
10.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | 2 | 2 | 3 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 3 | 5 |
Acreage buckets
The median price for land in Water Mill, New York is currently $1.3M per acre. For a typical parcel, the median sale price is $1.9M. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $1.4M while premium lots reached $9.5M.
Water Mill, New York is currently a buyer's market with 10.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Water Mill, New York currently has 10.5 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
The 3-month absorption rate in Water Mill, New York is 9.5%. The 12-month rate is 6.0%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Water Mill, New York saw 5 properties sold, totaling $21.4M in sales volume. In just the last 3 months, 2 properties changed hands.
Land in Water Mill, New York averages $2.3M per acre. The median price per acre is $1.3M, which may be more representative of typical transactions. Most parcels sold are around 1.4 acres.
The median land price in Water Mill, New York stands at $1.9M. This translates to roughly $1.3M per acre for the typical parcel size. The average price is $4.3M, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Water Mill on LandyDandy.
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