Why Live in Nantucket
As ferries sail into Nantucket Harbor, Brant Point Lighthouse welcomes them to Nantucket with a flashing red light that shines over the water. “I would describe Nantucket as magical,” says Jeanne Hicks, a sales associate with Lee Real Estate who’s lived on the island for more than 20 years. “It has the quality of life and just a beautiful environment all year-round. You can work all day and get home in five minutes to go to the beach, go to a hockey game or go scalloping without getting stuck in the commute.” While less than 15,000 people live on Nantucket year-round, its population increases to around 80,000 during the summer months, as seasonal residents and visitors flock to the island for vacation. “The summer is very busy, but the real secret of Nantucket is the spring and fall,” Hicks says. “The island takes a big breath after Labor Day. The water is still warm, but the traffic is gone.”
People often compare Nantucket and the Hamptons since they’re both popular summer destinations, but residents here pride themselves on maintaining a sense of New England charm that’s unique to the island. “You could be down at the newspaper stand on Main Street and be next to a farmer or
Home Trends in Nantucket, MA
On average, homes in Nantucket, MA sell after 136 days on the market compared to the national average of 50 days. The median sale price for homes in Nantucket, MA over the last 12 months is $3,350,000, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$3,350,000
Median Single Family Sale Price
$4,050,000
Median Townhouse Sale Price
$3,795,000
Median 2 Bedroom Sale Price
$1,415,000
Median 1 Bedroom Sale Price
$1,200,000
Average Price Per Sq Ft
$1,695
Number of Homes for Sale
171
Last 12 months Home Sales
287
Median List Price
$3,995,000
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
12%