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Is Nantucket, MA 02554 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Nantucket is a balanced market. With about 4.5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.5Under 4 months = seller’s market
Sold above original list40%Share of sales, last 3 months
Median sale-to-list97.4%Sold price ÷ list price
Median days on market212Listing to accepted offer
Median price per sq ft$1,581▲ +128.6% vs. last year

The Nantucket housing market right now

In the three months ending August 31, 2026, 40% of homes in Nantucket, MA 02554 sold above their list price, the typical home went under contract in 212 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold more slowly (42 days then) and the median sale price rose 101% to $4,398,097. Overall, Nantucket is less competitive than a year ago, which gives buyers more room.

Run the numbers for 02554

Prefilled for 02554Can I win this house?Multiple-offer likelihood for a listing Prefilled for 02554Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

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Towns like Nantucket nearby

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Edgartown, MA02539 · 24 miles away64% similarcheaper homes ($396K less) · smaller Vineyard Haven, MA02568 · 29 miles away63% similarlower income ($26K less) · cheaper homes ($659K less) West Tisbury, MA02575 · 30 miles away43% similarhigher income ($32K more) · cheaper homes ($289K less) Chilmark, MA02535 · 34 miles away42% similarpricier homes ($292K more) · smaller

Where Nantucket is

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Questions about Nantucket real estate

Is Nantucket a buyer’s or seller’s market?

A balanced market: there were 4.5 months of supply in Nantucket, MA 02554 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Nantucket?

The typical home went under contract in 212 days in the latest three months.

Do homes in Nantucket sell over asking?

40% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.

What are property taxes in Nantucket?

About 0.25% of a home’s value a year in Nantucket County, or roughly $1,000 on a $400,000 home.

What is the median home price in Nantucket?

The median sale price was $4,398,097 in the three months ending August 31, 2026, about $1,581 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology