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Market Insights

Rely on more than headlines or word-of-mouth commentary by leveraging Fisher Real Estate’s market analytics page, a comprehensive stream of real-time, Nantucket property sales and information.

The Nantucket Real Estate Market

For a relatively small island 30 miles out to sea, the local market is anything but small.  In fact, over the last few years, annual sales volume have ranged from $1.5-$2 billion through 400-700 transactions.  Single-family home sales range from $400,000 to $42 million+, with the average sale price around $4 million.  A market as dynamic as Nantucket’s deserves regular, comprehensive analysis, which you’ll find here on our insights page.  From charts and graphs to our monthly and annual reports, we cover the market from all sides.  Take a look…  

April Market Report

After historically low activity in March, the Nantucket real estate market rebounded in April to close 19 transactions totaling $50M. This is notably higher than the nine transactions that measured $38M in March but well below the five-year average of 34 transactions totaling $122M. April transactions brought year-to-date figures to 61 property sales amounting to $245M, a 0 percent change in the number of units sold during this time in 2023, but an increase of 13 percent in total dollar volume. New contract volume also showed a significant improvement during April with 23 new purchase contracts. Interestingly, price changes also doubled, suggesting current pricing isn’t aligning with buyers. On the inventory front, there were 180 properties publicly listed by the end of April, an increase of 55 percent from this time one year ago and perhaps why we are seeing an increase in price adjustments.

Here is Fisher’s April Market Report…

Nantucket Real Estate Sales Details

2023 Market Report

The unprecedented transaction peak of 2020-2022 is now firmly in the rearview mirror with only significantly higher property valuations in its wake.  In 2023, the market dipped below 300 annual transactions, a lower limit that hasn’t been breached since 2009 when there were 230 transactions. Yet the total dollar volume for this relatively limited number of sales was $1.15 billion, nearly triple the dollar volume from 2009 and solidly above what was once considered a lofty ceiling.

Past Market Reports

We are dedicated to delivering the most accurate Nantucket real estate market data and the most thoughtful market insights.

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