The Nantucket Real Estate Market

07/22/2025

Nantucket Real Estate Market Update

We have reached the midpoint of 2025, and Nantucket’s real estate market continues to show strong activity. While a few segments are beginning to show signs of softening, others have gained momentum, reinforcing the market’s overall resilience. This year is on pace to surpass $1 billion in sales volume once again, potentially making 2025 the fifth-highest year on record, a remarkable figure for a small 14-by-3.5-mile island located 30 miles out to sea.

In the first half of 2025, we saw $501,140,185 in total dollar volume, up 10% over the prior year. Meanwhile, we saw 145 transactions, up 36% from the prior year. 2025 is off to a great start; however, we are seeing some shift in market segment activity. Despite being up year over year, the average home sales price currently sits at $3,736,308, down compared to the $4,456,779 we experienced in 2024. The median tells the same story, $2,500,000 compared to $3,385,000 prior.

Click below to view LINK's Q2 2025 Market Analysis. LINK is Nantucket's Multiple Listing Service (MLS).

As of July 31, 2025 vs. 2024 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.

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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.