The Nantucket Real Estate Market

Nantucket Real Estate Market Update

We have hit mid-year 2024, and our island real estate market remains robust. The previous three years have been record-breaking, and while we are starting to see some small cracks in certain segments of our market, other areas have seemingly strengthened. 2024 is on track to be another year with over one billion dollars, which would make it our 5th largest year in history for dollar volume on an island that measures 14 by 3.5 miles with over 50% conservation land.

As of June 30, 2024 vs. 2023 Year to Date

How Great Point Properties compiles real estate sales statistics.

Great Point Properties compiles data of Nantucket real estate sales 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 timeshare sales. We do include properties restricted by an affordable housing covenant and purchases by conservation organizations.

For the latest market trends, check out our weekly e-newsletter, sent right to your inbox.

Great Point Properties Monthly Market Reports

From record-breaking transactions to island areas with the most sales, our Great Point Properties monthly updates give you the latest insight on the Nantucket real estate market.