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March Market Insights - Nantucket Real Estate

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FISHER’S

NANTUCKET REAL ESTATE

MAR ‘25 REVIEW

KEY MARKET METRICS

Market Insights BY JEN ALLEN 2025

ALL PROPERTY TYPES

% CHANGE YOY

5-YEAR AVG.

73

43

70% d

79

$272,368

$201,217

35% d

$225,624

Months on Market

4.4

2.5

76% d

4.8

Sale Price to Last Ask

93%

95%

-2 f

95%

Active Listings

135

141

-4% f

114

Projected Absorption

5.0

5.8

-14% f

3

New Monthly Contracts

24

11

118% d

26

Transactions Dollar Volume ($ in 000s)

NANTUCKET REAL ESTATE ACTIVITY THROUGH MARCH 2015 - 2025

Dollar Volume

# of Transactions

The first quarter of 2025 ended on a positive note from a transaction, dollar and contract volume perspective. March sales tallied 20 transactions amounting to just over $61 million in dollar volume, bringing the year-to-date total to 71 property transfers through $271 million. This is a respective increase of 69 percent and 35 percent. The bulk of recent economic volatility didn’t occur until April so it will be interesting to see how and if trends differ in our next market report. In the meantime, here are Fisher’s March Market Insights...

2024

Dollar Volume per Quarter

Q1

# of Transactions

MONTHLY SALES HIGHLIGHTS

HIGHEST RESIDENTIAL SALE

NOTABLE COMMERCIAL SALE

LOWEST HOME SALE

$7,375,000

$3,500,000

$1,150,000

21 PLEASANT STREET MARKETED FOR [102 Days]

8 FEDERAL STREET PRIVATE SALE

46.5 ESSEX ROAD MARKETED FOR [73 Days]

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

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