A Guest Post by Great Point Properties

As we move deeper into 2025, buyers, sellers, and investors are looking back on 2024 to guide their decisions in the year ahead.

For those interested in the highly competitive Nantucket market, Great Point Properties’ 2024 Nantucket Real Estate Annual Report provides invaluable insights into the island’s real estate landscape, reflecting on the performance of one of the country’s most prestigious real estate markets and highlights strategic opportunities for 2025.

In 2024, the Nantucket real estate market demonstrated resilience, adaptability, and strength. As the island’s leading real estate firm, Great Point Properties represented nearly one-third of all dollar volume on Nantucket—a testament to both our market dominance and the island’s enduring appeal.

Here are the most notable takeaways:
Strong Sales Volume: Despite economic headwinds nationally, Nantucket maintained a robust sales volume. Luxury homes, in particular, continued to attract high-net-worth buyers seeking second homes, investment properties, or vacation escapes.

Limited Inventory: Like many desirable markets, Nantucket saw limited inventory in 2024. This scarcity helped sustain elevated home values and created a competitive environment for buyers.

Consistent Demand: The demand for Nantucket vacation rentals and luxury properties remained high, driven by both return visitors and first-time buyers seeking the island’s charm, beaches, and lifestyle.

With limited inventory and steady demand holding firm into 2025, the lessons from 2024 are vital for buyers looking to get ahead this year.

1. Move Quickly, But Strategically Inventory remains tight, so homes that are well-priced and well-located are moving quickly. In 2024, we saw multiple-offer situations across several price points. Buyers in 2025 should get pre-approved early, work with an experienced local agent from Great Point Properties, and be prepared to act quickly once the right property appears.

2. Don’t Wait for Prices to Drop Some may expect a cooling market, but 2024s performance indicates continued stability. Prices have plateaued at a high level, and with strong rental returns, many owners are holding rather than selling. This creates less pressure on sellers to lower prices.

3. Consider the Rental Potential Nantucket remains a vacation magnet, and buyers who use properties as rentals can offset ownership costs. The Great Point Property team offers deep local knowledge and property management support for investors who want to explore the short-term rental market.

What Sellers Can Learn from 2024

If you’re thinking of selling in 2025, the 2024 market performance suggests it’s still a great time: here’s why:
Off-market deals are on the rise: In 2024, many high-end properties were sold without ever hitting the MLS. Leveraging our network can give sellers access to serious buyers looking for exclusivity.

Sellers are in a strong position: With limited inventory and consistent demand, sellers have an upper hand, especially if their property is updated and located in high-demand areas like Brant Point, Cliff, or Sconset.

Preparation is key: Homes that were well-staged and priced appropriately sold faster in 2024. Partnering with one of our knowledgeable agents ensures your home hits the market with maximum impact.

In 2024, Great Point Properties was responsible for nearly a third of the total real estate dollar volume on the island. This impressive statistic highlights their reach, experience, and strong relationships within the community. Buying, selling, or renting, they offer:
Deep expertise in the Nantucket real estate market
Personalized service backed by years of data and market knowledge
Access to exclusive listings and off-market opportunities.

The Nantucket market continues to offer long-term value and a relatively safe harbor for real estate investments. Here’s what investors should consider based on the 2024 trends:

• Rental income potential remains high: High occupancy rates during the summer season and increasing off-season interest make vacation rentals a smart investment.
• Limited land equals sustained value: Nantucket’s strict building regulations and conservation efforts maintain its charm and limit overdevelopment.
• Luxury properties offer stability: Wealthy buyers and international interest continue to stabilize the top tier of the market.

Whether you’re seeking a summer getaway, a full-time residence, or an income-generating asset, Nantucket offers unique appeal. There’s no better time to align yourself with a knowledgeable team that understands the market and can guide you through every step of the process…
Browse current listings
Explore vacation rental opportunities
Read the full 2024 Nantucket Real Estate Annual Report for more insights, and reach out to the Great Point Properties team today and let their deep island knowledge work for you.