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Nantucket Monthly Market Snapshot, October 2024

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October Market Snapshot

“October real estate sales pushed the 2024 Nantucket real estate market firmly over the $1 billion threshold after a strong start to the fourth quarter with nearly $230 million in total property sales.  This monthly volume was 35 percent higher than one year ago and was preceded by a very strong September, which also surpassed $200 million in sales.  Total transaction volume rose by 20 percent, a good indicator that this exceptional dollar volume is not solely being driven by rising property prices but also an increase in sales activity from one year ago.  

Monthly transactions ranged from a $13.375 million sale in ‘Sconset (the second highest sale price on record for this area) to a $640,000 sale in Madaket for a home that appears to be under comprehensive renovation.  

Perhaps due to outstanding weather, new purchase activity was also strong during October with 46 new contracts (compared to 38 in September).  As to be expected at this time of the year, price changes increased to 39 adjustments, up from 26 one month earlier.  Total inventory levels dropped below 200 listed properties but were 25 percent higher than one year ago.  We’ll have our full report up on the website  in the coming week.” Jennifer Shalley Allen

New Listings  
$1,325,000 46.5 Essex Road
$1,325,000 One Daffodil Lane
$1,550,000 159 Main Street B
$1,550,000 159 Main Street A
$1,750,000 5 Cherry Street
$1,795,000 10 Bartlett Road
$1,895,000 20 Shell Street
$1,950,000 3 Madaket Road
$2,175,000 26B Evergreen Way
$2,250,000 24 Clarendon Street
$2,495,000 14 Lyon Street
$2,595,000 5 Davkim Lane
$2,595,000 26A Miacomet Road
$2,695,000 2 Forrest Avenue 
$2,800,000 20 East Lincoln Avenue
$2,895,000 27 Long Pond Drive
$2,950,000 3 Nobadeer Avenue
$2,950,000 18 Lincoln Street
$3,495,000 44 Madaket Road
$3,695,000 13 Willard Street C
$3,750,000 9 Wigwam Road
$3,850,000 11 Mississippi Avenue
$4,200,000 14 Tautemo Way
$4,250,000 2 Gardner Street
$4,250,000 12 Oak Hollow Lane
$4,750,000 134 Main Street C
$6,900,000 1 East Hallowell Lane
$10,500,000 7 North Swift Rock Road
$14,950,000 7 Weetamo Road
   
Under Agreement  
$850,000 37 Sheep Pond Road
$1,195,000 15A Park Circle
$1,295,000 94/22 Tuckernuck
$1,695,000 71 Surfside Road
$1,950,000 3 Madaket Road
$1,995,000 52 Essex Road
$1,995,000 8 Ames Avenue
$1,998,000 2 Alexandia Drive
$2,195,000 7 Seikinnow Place
$2,245,000 17 Honeysuckle Drive
$2,295,000 63 Goldfinch Drive
$2,395,000 15 Sconset Avenue
$2,395,000 8 Heath Lane
$2,595,000 20 York Street
$2,600,000 16 Quaker Road
$2,616,000 3 Honeysuckle Drive
$2,695,000 33 Bartlett Road
$2,950,000 18 Lincoln Street
$2,995,000 32 Meadow View Drive
$2,995,000 65 North Liberty Street
$3,200,000 45B Vestal Street
$3,450,000 11 Pine Street
$3,495,000 44 Madaket Road
$3,595,000 63 Fairgrounds Road
$3,795,000 66 Madaket Road
$4,200,000 14 Tautemo Way
$4,285,000 4 Van Fleet Circle
$4,950,000 20 Meadow View Drive
$4,995,000 5 Weetamo Road
$5,475,000 5 Davis Lane 
$5,995,000 216 Cliff Road
$5,995,000 17 Lauretta Lane 
$5,995,000 10 Lincoln Street
$6,200,000 3 Skyline Drive
$6,995,000 54 Orange Street
$7,675,000 2 Drew Lane
$7,995,000 106A Surfside Road
$9,795,000 27 Rugged Road
$9,995,000 1 Smooth Hummocks & 1 Farmview
$10,500,000 14 & 16 Coffin Street
$12,000,000 20 Main Street 
$14,495,000 14 Nonantum Avenue
$14,500,000 166 & 168 Cliff Road
$14,950,000 7 Weetamo Road
$16,950,000 218 Cliff Road
$23,750,000 14 Lincoln Avenue
   
Price Changes  
$849,000 65A Surfside Road
$1,250,000 14 Arkansas Avenue
$1,325,000 46.5 Essex Road
$1,450,000 5A Gray Avenue
$1,550,000 159 Main Street B
$1,550,000 159 Main Street A
$1,650,000 76 Center Street B
$1,695,000 5 Bank Street
$1,795,000 1 Kendrick Street
$1,995,000 16 King Street
$1,995,000 31 Dartmouth Street
$2,150,000 3 Clara Drive
$2,200,000 39 Sheep Pond Road
$2,250,000 57 Somerset Road
$2,275,000 19 Honeysuckle Drive
$2,325,000 15 Meader Street A
$2,395,000 1 Beach Grass Road
$2,450,000 12 Nichols Road
$2,575,000 10 Beach Grass Road
$2,595,000 11 Sesapana Road
$2,595,000 2 Fawn Lane
$2,850,000 51 North Liberty Street
$2,895,000 12 Netowa Lane 
$3,150,000 5 Copper Lane
$3,550,000 61 Fairgrounds Road
$3,695,000 35 Tennessee Avenue
$3,995,000 29 Douglas Way
$4,195,000 25 Broadway
$4,500,000 71 Hummock Pond Road
$5,295,000 10A Gray Avenue
$5,450,000 5 Tautemo Way
$7,390,000 27 Cato Lane
$7,430,000 43 Western Avenue
$8,250,000 6 Marion Avenue
$8,999,999 196 Hummock Pond Road
$11,700,000 6 Tautemo Way
$11,995,000 1 & 7 Airport Road
$13,750,000 7 Pleasant Street
$14,750,000 5 Cudweed Road
   
Sold Listings  
$640,000 56 Arkansas Avenue
$700,000 11 Nancy Ann Lane
$780,000 38 Hooper Farm Road
$906,500 6 Sleepy Hollow Road
$1,050,000 15A Park Circle
$1,250,000 12A Greglen Avenue
$1,300,000 3R Atlantic Avenue
$1,650,000 8 Ames Avenue
$1,975,000 12 New Street
$2,000,000 1 Pinkham Circle
$2,095,000 8A Daffodil Lane
$2,225,000 63 Goldfinch Drive
$2,300,000 12 Jonanthan Way
$2,350,000 6 South Cambridge Street
$2,600,000 16  Quaker Road
$2,700,000 74 Madaket Road
$2,750,000 45B Vestal Street
$2,825,000 3 Goldfinch Drive
$2,995,000 38 Cliff Road
$3,000,000 27 Rugged Road
$3,370,000 157 Main Street
$3,500,000 11 Pine Street
$3,700,000 53 Tom Nevers Road
$3,995,000 23 Bank Street
$4,000,000 14 Tautemo Way
$4,050,000 24 Fair Street
$4,225,000 36 Tennessee Avenue
$4,350,000 23 Pond View Drive
$4,395,000 7.5 Back Street
$4,450,000 15 Fair Street
$4,525,000 37 Vestal Street
$4,688,000 40 Walsh Street
$4,970,000 38 Pleasant Street
$5,050,000 15 Aurora Way
$5,395,000 10 Starbuck Road
$5,900,000 7 Coffin Road
$6,200,000 16 Willard Street
$6,200,000 3 Skyline Drive
$6,375,000 1 Ediths Way
$6,600,000 4 Windsor Road
$6,737,250 11 Eel Point Road
$6,995,000 9B Pilgrim Road
$7,500,000 76A Madaket Road
$7,600,000 2 Drew Lane
$8,925,000 28 Medouie Creek Road
$8,960,000 1 Smooth Hummocks Way & 1 Farmview Drive
$9,770,000 14 & 16 Coffin Street
$12,250,000 13 Easton Street
$12,525,000 3 Brewster Road
$13,375,000 23 Morey Lane
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