Housing in Water Mill, NY
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$2,400,000
Median List Price
$6,497,500
Price Per Sq Ft
$676
Days on Market
298
Active Inventory
17
Months of Supply
17.0
Buyer's market
Zillow Home Value
$4,535,297
ZHVI — January 2026
Zillow Rent Index
$93,333
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Sale-to-List Ratio
96.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
1
New Listings
2
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$676
Median List $/SF
$907
Water Mill vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Water Mill is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$2,000,001
Median Rent
$3,150
Total Housing Units
2,374
Vacancy Rate
54.5%
Owner Occupied
91.2%
Renter Occupied
8.8%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,659
Housing Types
The current median sale price in Water Mill, NY is $2,400,000 according to Redfin data. Homes spend a median of 298 days on the market. 0.0% of homes sold above asking price. The market has 17.0 months of supply. The median price per square foot is $676. Zillow's observed rent index is $93,333/month. About 91.2% of housing units are owner-occupied. The median year homes were built is 1993. There are 2,374 total housing units.