Nantucket Real Estate & Homes for Sale

As of the latest data, the Nantucket housing market is showing signs of significant adjustment, with the median sale price dropping 68.3% year-over-year to \$1.45M and the median price per square foot down 58.5% to \$708. Homes are now selling for an average of 5.4% below list price and spending around 56 days on the market, indicating a slower pace and greater pricing flexibility compared to previous years. With only three homes sold in the most recent period, transaction volume remains low, suggesting either limited inventory, shifting buyer priorities, or both. Overall, while demand exists, the market appears to be recalibrating, especially in the high-end segment that traditionally defines Nantucket’s real estate landscape.

Nantucket is currently a somewhat competitive market, with homes typically going pending in about 56 days. While not every listing moves quickly, some still receive multiple offers—especially if well-located or priced attractively. On average, homes are selling for around 5% below list price, indicating room for negotiation in many cases. However, standout properties can sell near asking and go under contract in as little as 20 days, showing that demand remains active for desirable listings despite the overall market slowdown.

As of June 2025, Nantucket, MA is a buyer’s market, meaning the number of homes available exceeds current buyer demand. This shift gives buyers more leverage in negotiations, often resulting in longer days on market, price reductions, and increased flexibility on terms. Sellers may need to adjust pricing strategies and expectations to attract interest, while buyers benefit from having more options and time to make informed decisions.