Search homes for sale in Nantucket, MA, known for its cobblestone streets, high-end dining establishments, luxurious hotels, and charming inns
The Nantucket housing market is somewhat competitive, with activity continuing despite a sharp year-over-year price correction. Last month, the median sale price dropped 68.3% to \$1.45M, while the median price per square foot fell 58.5% to \$708. These significant declines may reflect a shift in the types of properties being sold—such as fewer ultra-luxury homes—rather than a full-scale drop in overall market value. While demand remains steady for well-located properties, buyers are showing more selectivity, and sellers may need to price strategically to attract offers in the current environment.
Median Sale Price
Median Sale Price per Sqft
Total Homes Sold
Median Days on Market
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.
For detailed, up-to-date information on buying a house in Nantucket, including legal considerations and market trends, you can talk to us.
Nantucket is a National Historic Landmark District, and virtually all exterior changes are overseen by the Nantucket Historic District Commission (HDC). Even details like roofing materials, trim colors, and window styles must adhere to preservation standards. This ensures architectural integrity but limits flexibility for renovations and adds approval steps that buyers must plan for.
As an island 30 miles offshore, Nantucket’s housing infrastructure is unique. Many homes rely on private wells and septic systems, with strict Title 5 compliance. Some neighborhoods are connected to town water/sewer, but capacity and hookup costs vary. Seasonal strain on utilities during peak summer can also influence property management decisions.
Access to and from Nantucket is only via ferry or plane. For owners, this affects everything from commuting to bringing in building materials. Weather-related ferry cancellations can disrupt schedules, and shipping costs for construction and furniture are higher. Buyers should factor in logistical challenges when planning renovations or frequent travel.
Nantucket’s extensive shoreline means flood risk, dune erosion, and sea-level rise are real considerations. Oceanfront and harbor-side properties may require elevated construction, dune stabilization, or restrictions on rebuilds due to conservation setbacks. Buyers should carefully review FEMA flood maps, coastal bylaws, and local Conservation Commission requirements before closing.
Nantucket’s economy is highly seasonal, with a huge influx of summer visitors. This makes short-term rental demand strong and can offset ownership costs. However, local regulations require rental registration, tax collection, and compliance with occupancy rules. For buyers, understanding the rental landscape is key if you intend to generate income from your property.
Because the island’s buildable land is finite and tightly regulated, inventory is scarce and values remain resilient. However, the maritime climate means salt air, humidity, and storms can accelerate wear on roofs, siding, and decks. Luxury properties in particular require ongoing maintenance and specialized contractors, who may be limited and booked months out.
Whether you’re looking to explore Nantucket’s luxury homes or want more details about the current market trends, we’re here to help. Our expert team can answer all your questions and guide you through every step of the process. Don’t wait—reach out today to schedule a showing or discuss your real estate goals in Nantucket!
Explore everything Nantucket has to offer with our comprehensive neighborhood guide. From stunning coastal homes to vibrant local attractions, our guide gives you the insights you need to find your perfect place in this iconic island community. Start browsing now and uncover the unique lifestyle Nantucket has in store for you!
Whether you are buying or selling a home on the South Shore, our goal is to provide you with the level of personal attention and services you need to ensure a smooth and successful real estate transaction.
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