The Water Mill housing market is not very competitive. The median sale price of a home in Water Mill was $5.2M last month, up 102.3% since last year. The median sale price per square foot in Water Mill is $1.25K, up 15.7% since last year.
What is the housing market like in Water Mill today?
In April 2025, Water Mill home prices were up 102.3% compared to last year, selling for a median price of $5.2M.
$7.6M
Sale Price
+8.8% since last year
$1.25K
Sale $/Sq. Ft.
+15.7% since last year
Under List Price
5.3%
Days on Market
161
Down Payment
—
Total Homes Sold
1
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How hot is the Water Mill housing market?
Water Mill is not very competitive. Homes sell in 161 days.
0
100
5
Not Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Multiple offers are rare.
The average homes sell for about 5% below list price and go pending in around 161 days.
Hot homes
can sell for about 1% below list price and go pending in around 77 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Water Mill housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Water Mill.
Flood Factor - Moderate
25% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Water Mill has a moderate risk of flooding. 364 properties in Water Mill are likely to be
severely affected
by flooding over the next 30 years. This represents 25% of all properties in Water Mill. Flood risk is increasing faster than the national average.
41% of properties are at risk of wildfire over the next 30 years
Fire Factor
Water Mill has a moderate risk of wildfire. There are 1,142 properties in Water Mill that have some risk of being affected by wildfire over the next 30 years. This represents 41% of all properties in Water Mill.
100% of properties are at severe
risk of a severe wind event over the next 30 years
Wind Factor
Water Mill has a Severe Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Water Mill is most at risk from hurricanes. 2,747 properties in Water Mill have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 150 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 170 mph.