All Areas

The Nantucket Real Estate Market

Great Point Properties Market Update

Posted: December 10, 2018, by Edward Sanford

For the second month in a row Nantucket real estate sales set a monthly dollar volume record. November 2018 saw nearly $153 million dollars in closings, the highest monthly November total ever, eclipsing the previous November 2016 high of $95 million. 

Read More

SIGNUP FOR OUR NEWSLETTER

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 November 30, 2018

vs. 2017 Year to Date

  • Avg. Sale Price: $2,575,213 11.2
  • Median Sale Price: $1,700,000 996.8
  • Avg. Sale to Assessed: 128% -0.8
  • Avg. Sale to Original Ask: 93% 0
  • Avg. Sale to Last Ask: 95% 0
  • Avg. Days on Market: 178 -5.3
  • Total Houses Sold: 349 -5.9
  • Total dollar sales: $898,749,289 4.6
  • Avg. Sale Price: $1,129,058 30.5
  • Median Sale Price: $625,000 -5.3
  • Avg. Sale to Assessed: 121% -10.4
  • Avg. Sale to Original Ask: 97% 3.2
  • Avg. Sale to Last Ask: 98% 2.1
  • Avg. Days on Market: 215 -29
  • Total Land Sold: 119 98.3
  • Total dollar sales: $21,166,000 -59.2
  • Avg. Sale Price: $2,116,600 -51.2
  • Median Sale Price: $1,903,000 24.8
  • Avg. Sale to Assessed: 163% 2.5
  • Avg. Sale to Original Ask: 98% 3.2
  • Avg. Sale to Last Ask: 98% 3.2
  • Avg. Days on Market: 156 -28.4
  • Commercial: 10 -16.7
  • Total dollar sales: $21,166,000 -60.6
  • Avg. Sale Price: $1,860,742 -10.8
  • Median Sale Price: $1,200,000 -7
  • Avg. Sale to Assessed: 123% -2.4
  • Avg. Sale to Original Ask: 94% 1.1
  • Avg. Sale to Last Ask: 96% 1.1
  • Avg. Days on Market: 202 -1
  • Total Sales: 307 12.5
  • Total dollar sales: $571,247,863 0.3

Recent Sales

  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
  • YTD
AddressAreaPriceListing Price% Listing PriceDOMTypeBRBA
49 Pine Street Town$2,450,000$2,895,00084.63%198Single family65.1
53 Tom Nevers Road Tom Nevers$2,112,500$2,295,00092.05%16Single family45.1
14 Witherspoon Drive Mid Island$1,400,000$1,450,00096.55%57Single family44.1
51 Fair Street Town$2,020,000$2,395,00084.34%260Single family43.1
65 Center Street Town$1,700,000$2,195,00077.45%68Single family52
29 Friendship Lane Mid Island$1,110,000$1,275,00087.06%77Multi-Family63
325 Polpis Road Polpis$1,900,000$2,150,00088.37%222Single family32
25 Equator Drive Mid Island$900,000$950,00094.74%42Single family32
6 Seven Mile Lane Sconset$1,800,000$1,950,00092.31%23Single family34
9 Jonathan Way Tom Nevers$1,810,000$2,150,00084.19%528Single family44.1
9 Columbus Avenue Madaket$1,550,000$1,895,00081.79%59Single family43
4 Magnolia Avenue Sconset$1,885,000$1,980,00095.2%119Single family84.1

Market Archives

2018 Mid-Year Report

2018 First Quarter Report

Great Point Properties First Quarter Report 2018

2017 Year In Review

2017 Q3

Mid-Year 2017

2017 Q1

2016 Year in Review

2016 Q3

2016 Q2