Nantucket Real Estate Facts

• Nantucket real estate sales totaled more than $1.1 billion in 2005.
• In 2005, the average sale price of a home in Nantucket was $2,134,000.
• In 2005, the median sale price of a home in Nantucket was $1,495,000 dollars.
• From 2004 to 2005 the average sale price of Nantucket real estate increased 28%.
• Both the average and median sales price for Nantucket real estate have increased 20% on average annually over the last 10 years (1994-2004).
• Approximately 89 percent of island properties are now owned by off-island taxpayers.
• Approximately 40% of Nantucket is protected by private conservation groups, the Town of Nantucket and the Land Bank.
• There were 1,397 property transfers in 2004 with the Land Bank collecting over $20,484,302 in transfer income.
• Nantucket totals 50 square miles (14 miles long by 3.5 miles wide).
• The year round population of 10,000 increases to around 50,000 in the summer months.