2024 Nantucket Real Estate Annual Report

01/11/2025

2024 was another monumental year for Nantucket real estate. Interest rates remained high, with many owners locked in with pandemic-driven low rates; inventory remained low, and the Nantucket Land Bank set the record for the highest residential sale in the entire state of Massachusetts.

The island’s real estate market ended on very solid footing with just over $1.35 billion in dollar volume and 49 pending sales. Perhaps the leading real estate story is the median price for a single-family home approaching $3,385,000. With limited new construction and a tempered flow of new inventory, we expect more of the same in 2025. We end this year with gratitude to our island community and hope for peace around the world as we enter another new year.

Click below to download the report!