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June Market Insights - Nantucket Real Estate

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FISHER’S

NANTUCKET REAL ESTATE

JUNE ‘25 REVIEW

KEY MARKET METRICS

Market Insights BY JEN ALLEN

ALL PROPERTY TYPES

2025

% CHANGE YOY

5-YEAR AVG.

151

104

45% d

172

Dollar Volume ($ in 000s)

$519,067

$451,241

15% d

$514,895

Median Home Sales Value

$2,933

$3,550

-17% f

$2,641

Sale Price to Last Ask

94%

95%

2 d

95%

Active Listings

241

221

9% d

482

Projected Absorption

8

9.5

-20% f

6

New Monthly Contracts

31

33

-6% f

37

Transactions

NANTUCKET REAL ESTATE ACTIVITY THROUGH JUNE 2015 - 2025

Dollar Volume

# of Transactions

We’ve officially closed the books on the first half of the year and, thus far, June was the third-best transaction month with 27 property transfers and the second-highest dollar volume month with $96.7 million. On a cumulative basis, the first half of the year tallied 151 real estate transactions totaling $519 million, a respective surge of 45 percent and 15 percent for the same figures one year ago, and the highest totals since 2023. Unlike previous years, however, sales above $10 million have been fewer and sales below $4 million have been more numerous, which has led to a notable drop in the median and average sale values. Monthly contract activity saw a seasonable bump while inventory increased modestly. Here are Fisher’s June Market Insights...

2024

Dollar Volume per Quarter

Q1

Q2

# of Transactions

MONTHLY SALES HIGHLIGHTS

HIGHEST RESIDENTIAL SALE

RESIDENTIAL RESALE

$11,500,000

$1,800,000

$3,495,000

20 BISHOPS RISE MARKETED FOR [32 Days]

1 FIELD AVENUE SOLD FOR $980K IN 2018

10 BROADWAY STREET MARKETED FOR [42 Days]

FULL PRICE SALE

(508) 228–4407 21 MAIN STREET, NANTUCKET, MASSACHUSETTS

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