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Nantucket Monthly Market Snapshot, May 2024

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may nantucket real estate market snapshot

May Market Snapshot

“May’s real estate activity reflected a host of mixed market metrics.  On the one hand, monthly sales and dollar volume retreated 37 percent from May ’23 while price changes increased and the number of listings continued to significantly rise.  Yet, there was a notable increase in contract activity from one year ago and the resales analysis suggests that sales values for these retrades resulted in a healthy annualized appreciation for sellers, although certainly not as robust as they were just 12-18 months ago.  As we head into the busiest few months of the year, it’s going to be interesting to see how the balance of supply and demand impacts pricing.  Early June activity suggests the lower (<$2.5M) end and the very high end ($10M+) of the market are vibrant, while activity is starting to seasonally pick up for the middle of the market.  Stay tuned for more in our monthly write-up. ” Jennifer Shalley Allen

New Listings
$1,195,000 1 Hull Lane #2
$1,595,000 3R Atlantic Avenue
$1,695,000 15 Bear Street
$2,000,000 8 Salros Road
$2,050,000 23 Waydale Road
$2,250,000 1 Arkansas Avenue
$2,280,000 4A Marble Way
$2,300,000 8A Daffodil Lane
$2,350,000 31 Dartmouth Street
$2,395,000 63 Goldfinch Drive
$2,695,000 6 South Cambridge Street
$2,925,000 35 King Street 
$2,995,000 36B Lily Street
$2,995,000 3 Goldfinch Drive
$2,995,000 5 Friendship Lane
$2,995,000 38 Cliff Road
$3,150,000 16 Sesapana Road
$3,200,000 45B Vestal Street
$3,375,000 5 Copper Lane
$3,450,000 26 Somerset Lane
$3,475,000 5 East Dover Street
$3,495,000 15A Pilgrim Road
$3,500,000 6 Tautemo Way
$3,500,000 101 Orange Street
$3,750,000 181 Polpis Road
$3,795,000 50 Wauwinet Road
$3,795,000 36C Sesachacha Road
$3,845,000 133 Surfside Road
$3,995,000 27 and 27 1/2 North Beach Street
$3,995,000 35 Pleasant Street
$4,095,000 66 Madaket Road
$4,290,000 9 Lily Street 
$4,750,000 27 Union Street
$4,995,000 38 Pleasant Street
$4,995,000 38 and 40 Cliff Road
$4,995,000 9 Green Hollow Road
$5,195,000 19 Wanoma Way
$5,395,000 4 Van Fleet Circle
$5,750,000 1 Dolphin Court
$5,995,000 216 Cliff Road
$5,995,000 13A&B Western Avenue
$6,195,000 16 Squam Road
$6,495,000 2 Maple Lane
$6,495,000 5 Davis Lane 
$6,495,000 6 Red Mill Lane
$6,500,000 13 Parson Lane
$6,750,000 13 Cliff Road
$7,295,000 4 Windsor Road
$7,300,000 1 East Hallowell Lane
$7,500,000 78 Cliff Road
$8,495,000 3 Westerwick Drive
$9,950,000 28 Medouie Creek Road
$10,500,000 196 Hummock Pond Road
$10,995,000 10 Old Westmoor Farm Road
$10,995,000 34 Bosworth Road
$11,750,000 14 & 16 Coffin Street
$11,995,000 1 Smooth Hummocks Way & 1 Farmview Drive
$12,500,000 59 Baxter Road
$12,995,000 12 Eat Fire Spring Road
$13,888,000 24 Flintlock Road
$13,995,000 20 Straight Wharf
$14,995,000 30 Madequecham Valley Road
$28,000,000 42 Shimmo Pond Road
$29,500,000 1 Ocean Avenue, 5 Ocean Avenue, & 6 Grand Avenue
   
Under Agreement
$997,000 1 South Mill Street
$1,495,000 21 Woodland Drive
$1,595,000 1 Lowell Place
$1,950,000 24 Killdeer Lane
$2,050,000 23 Waydale Road
$2,300,000 6 Indigo Drive
$2,450,000 8 Red Mill Lane
$2,600,000 3 Waydale Road
$2,925,000 35 King Street 
$2,995,000 33 West Chester Street
$3,450,000 26 Somerset Lane
$3,495,000 12 Washaman Avenue
$3,500,000 6 Tautemo Way
$3,895,000 17 Pleasant Street
$3,995,000 7 Lyons Lane
$5,900,000 30 Bosworth Road
$5,995,000 10 York Street
$6,495,000 6 Red Mill Lane
$8,995,000 11 Pleasant Street
$11,250,000 67 Squam Road
   
Price Changes
$800,000 38 Hooper Farm Road
$1,495,000 21 Woodland Drive
$1,695,000 2 Cabot Lane B
$2,195,000 35 Fairfield Street
$2,250,000 1 Arkansas Avenue
$2,250,000 1 Pinkham Circle
$2,395,000 39 Sheep Pond Road
$2,495,000 3 Clara Drive
$2,775,000 9 Sandsbury Road
$2,995,000 36 Sheep Pond Road
$3,199,000 5 Fawn Lane
$3,450,000 32 Sankaty Road
$3,500,000 16 Quaker Road
$4,250,000 2 Cabot Lane A
$4,395,000 19 Tennessee Avenue
$4,495,000 18 Meadow Lane
$4,495,000 17 Lily Street
$4,495,000 59 Orange Street
$4,495,000 32 Monomoy Road
$4,850,000 17 North Water Street
$5,100,000 71 Hummock Pond Road
$5,950,000 17 Burnell Street
$6,950,000 17 Lauretta Lane 
$11,995,000 14 Madequecham Valley Road
   
Sold Listings
$1,495,000 19 Cynthia Lane
$1,500,000 18A Greglen Avenue
$1,500,000 2 White Whale Lane
$1,606,000 8B Lyon Street
$1,900,000 8 Luff Road
$1,900,000 8 Essex Road
$2,050,000 23 Waydale Road
$2,125,000 31 Surfside Road
$2,600,000 4 Easy Street
$2,825,000 12 Pilgrim Road
$2,850,000 20 Greglen Avenue
$3,000,000 13 & 13A Woodland Drive
$3,350,000 85 Orange Street
$3,550,000 2 Blazing Star Road
$3,600,000 1 Farmer Street
$4,225,000 149 Main Street
$4,800,000 45 Fair Street
$6,200,000 6 Red Mill Lane
$6,650,000 20 Ellens Way
$10,700,000 67 Squam Road