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The Nantucket Real Estate Market

April Market Update

Posted: May 10, 2019, by Edward Sanford

 As of April 30th, 2019 Nantucket real estate sales are showing mixed results. House transaction volume is off substantially compared to both the previous five years’ average. The decline is even greater compared to the first four months of 2018, which was atypically busy. Land transactions are up slightly compared to those same benchmarks, as are commercial sales. Commercial dollar volume has surged on two large transactions. As a result total dollar volume is off just 5% from the five years average. 

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How Great Point Properties Compiles Real Estate Sales Statistics

Great Point Properties compiles data of Nantucket real estate sale from the Nantucket multiple listing service (LINK), the Town of Nantucket Land Bank records, and the Town of Nantucket Registry of Deeds. Our goal is to provide our clients with a consistent view of the Nantucket real estate market using all available means to verify transactions. Great Point Properties includes all sales that are arm’s length market transactions, whether properties were listed by a real estate office or not. We do not include partial sales, inter-family sales, and time share sales. We do include properties restricted by an affordable housing covenant and purchases by conservation organizations.

As of June 30, 2019

vs. 2018 Year to Date

  • Avg. Sale Price: $2,214,039 -0.8%
  • Median Sale Price: $1,500,000 1.4%
  • Avg. Sale to Assessed: 118% -7.3%
  • Avg. Sale to Original Ask: 92% -1.3%
  • Avg. Sale to Last Ask: 95% -0.5%
  • Avg. Days on Market: 156 -22.4%
  • Total Dollar Sales: $290,039,060 -22.7%
  • Total Houses Sold: 131 -22%
  • Avg. Sale Price: $899,447 -42%
  • Median Sale Price: $650,000 -28%
  • Avg. Sale to Assessed: 122% -3.1%
  • Avg. Sale to Original Ask: 96% 0.8%
  • Avg. Sale to Last Ask: 98% 1.5%
  • Avg. Days on Market: 175 -35.3%
  • Total Dollar Sales: $31,480,656 -40.3%
  • Total Houses Sold: 35 2.9%
  • Avg. Sale Price: $4,664,228 112.5%
  • Median Sale Price: $2,500,000 10.8%
  • Avg. Sale to Assessed: 130% -21.6%
  • Avg. Sale to Original Ask: 92% -7.1%
  • Avg. Sale to Last Ask: 93% -6.1%
  • Avg. Days on Market: 302 54.1%
  • Total Dollar Sales: $60,634,970 294.6%
  • Total Houses Sold: 13 85.7%
  • Avg. Sale Price: $2,134,942 0.7%
  • Median Sale Price: $1,395,000 -1.8%
  • Avg. Sale to Assessed: 120% -6.9%
  • Avg. Sale to Original Ask: 92% -1.8%
  • Avg. Sale to Last Ask: 95% -0.8%
  • Avg. Days on Market: 164 -21.9%
  • Total Dollar Sales: $382,154,686 -13.8%
  • Total Houses Sold: 179 -14.4%

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
31 Pilgrim Road Cliff$7,125,000$7,495,00095.06%15Single family55.2
11 South Shore Road Surfside$675,000$750,00090%35Land--
24 Trotters Lane (Market) Lot 21B South of Town$375,000$425,00088.24%58Land--
21 Washing Pond Road Cliff$5,300,000$8,350,00063.47%762Single family75.1
6 Huntington Street Tom Nevers$700,000$845,00082.84%131Single family32.1
76 Sankaty Road Sconset$1,600,000$1,795,00089.14%154Single family32.1
3 Thurstons Way Mid Island$1,300,000$1,295,000100.39%42Single family32
33 Monomoy Road Monomoy$5,500,000$6,995,00078.63%535Single family65.2
6 Gardner Road Shimmo$3,700,000$3,725,00099.33%14Single family54.1
37 Brewster Road Monomoy$3,100,000$3,325,00093.23%107Single family23.2
74 Arkansas Avenue Madaket$550,000$599,00091.82%17Single family32
39 Almanack Pond Road Polpis$3,250,000$3,950,00082.28%308Land--
2 Winn Street Town$4,775,000$4,950,00096.46%48Single family76.2
10 Stone Barn Way Brant Point$1,600,000$1,749,00091.48%79Single family22.1
17 Sherburne Turnpike Cliff$3,175,000$3,250,00097.69%147Land--
9 Huntington Street Tom Nevers$800,000$800,000100%Single family32
44 Goldfinch Drive Naushop$1,265,000$1,425,00088.77%334Single family44.1
6 Flintlock Road Tom Nevers$1,382,100$1,395,00099.08%304Single family43
31 Derrymore Road Cliff$5,295,000$5,295,000100%1Single family64.1
16 Sparks Avenue # E Town$560,000$635,00088.19%173Single family11.1
56 Monomoy Road Monomoy$19,000,000$22,500,00084.44%522Single family66.1
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