FISHER’S
NANTUCKET REAL ESTATE
FEB ‘25 REVIEW
KEY MARKET METRICS
Market Insights BY JEN ALLEN 2025
ALL PROPERTY TYPES
% CHANGE YOY
5-YEAR AVG.
51
33
55% d
50
$209,930
$156,340
34% d
$165,545
Months on Market
4.7
2.5
88% d
3.5
Sale Price to Last Ask
93%
95%
-2 f
95%
Active Listings
119
124
-4% f
107
Projected Absorption
4.3
4.9
-12% f
3.0
New Monthly Contracts
24
12
100% d
24
Transactions Dollar Volume ($ in 000s)
NANTUCKET REAL ESTATE ACTIVITY THROUGH FEBRUARY 2015 - 2025
Dollar Volume
# of Transactions
Continuing on the heels of a strong January, February’s real estate sales included a diversity of transactions, including a higher-than-normal number of commercial transactions and several highend single-family homes. February sales tallied 12 transactions amounting to just over $61 million in dollar volume, bringing the year-to-date total to 33 property transfers through $167 million. As we cover in the following pages, there has thus far been a decline in the median home sale value thanks to a higher number of sales in the lower end of the market. And in signs of what’s to come, February contract activity was higher than last month and the previous few years, suggesting the solid start to the year will continue. Here are Fisher’s February Market Insights…
2024
Dollar Volume per Quarter
Q1YTD
# of Transactions
MONTHLY SALES HIGHLIGHTS
HIGHEST RESIDENTIAL SALE
NOTABLE COMMERCIAL SALE
HIGHEST SPEC SALE
$12,300,000
$5,800,000
$11,600,000
7 PLEASANT STREET MARKETED FOR [175 Days]
30 SPARKS AVENUE PRIVATE SALE
151 SURFSIDE ROAD MARKETED FOR [203 Days]
(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS
1