Nantucket Real Estate, Fall 2024 Recap: The Record $25 Million Sale of 72 Main Street
In 2024, Bernadette Meyer represented the record breaking $25,000,000 sale of 72 Main Street in Nantucket, still the island's highest non waterfront residential sale. Fall 2024 transactions ran 15 percent above the prior year, with $10 million plus luxury activity up 20 percent and median prices up 10 percent year over year.
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The Nantucket real estate market was on a strong run in fall 2024, capturing attention with record breaking sales and high demand. This recap covers the highlights from that period, including the island's most significant transaction of the year.
A Historic Sale: 72 Main Street
Fall 2024 marked a major milestone in Nantucket's real estate history with the sale of the iconic 72 Main Street property. Sold at $25,000,000, this transaction set a new record for the Nantucket real estate scene, not just in terms of price but also in preserving and celebrating the island's architectural legacy. It remains the highest non waterfront residential sale in island history.
The sale reflected Nantucket's elevated status in the luxury real estate sector and the island's enduring appeal to high end buyers worldwide. Working with Sotheby's International Realty's global network, Bernadette connected the property with a discerning international audience to achieve the record result.
72 Main Street sale price and record status confirmed via Bernadette Meyer's Maury People Sotheby's International Realty agent profile.
Fall 2024 Market Review, In Hindsight
The numbers from that period showed the enduring strength of Nantucket's real estate market at the time.
- Total Transactions: Up 15 percent compared to the prior year, indicating robust interest across all property types.
- Luxury Market Growth: High end properties valued above $10 million saw a 20 percent increase in activity.
- Median Home Prices: Up 10 percent year over year, driven largely by the island's most sought after properties.
- Inventory: Demand for prime properties continued to outpace supply, contributing to competitive bidding and fast closings.
How This Compares to Nantucket Today
The strength fall 2024 previewed carried through 2025 and into 2026. Nantucket closed 2025 near $1.8 billion in total sales volume, its third highest year on record, with the $25,000,000 sale of 72 Main Street later followed by the $18,000,000 record sale of 1 Ocean Avenue in December 2025. By Q2 2026, the market had broadened into a wider mid-price range, with a $2.65 million median sale price across 56 closed sales.
2025 and 2026 figures sourced from Bernadette Meyer's current market reporting and Nantucket real estate firms' year end 2025 annual market reviews.
About Bernadette Meyer
Bernadette Meyer is a Real Estate Broker with Maury People Sotheby's International Realty on Nantucket, Massachusetts. A Boston College graduate who built her analytical background at Lazard Asset Management before moving into Nantucket real estate, she is RealTrends Verified #2 on Nantucket and #6 in Massachusetts, and was named to the RealTrends + Tom Ferry Thousand nationally in 2026. She represented both of Nantucket's most recent residential sale records: 72 Main Street for $25,000,000 in 2024 and 1 Ocean Avenue for $18,000,000 in 2025.
- Brokerage: Maury People Sotheby's International Realty
- Address: 37 Main Street, Nantucket, MA 02554
- Office: (508) 228-1881 x203
- Direct: (508) 680-4748
- Email: [email protected]
Frequently Asked Questions
What was Nantucket's biggest real estate sale in 2024?
The record sale of 2024 was 72 Main Street, which sold for $25,000,000. Bernadette Meyer of Maury People Sotheby's International Realty represented the transaction, and it remains the highest non waterfront residential sale in Nantucket history.
Is this fall 2024 update still current?
No, this is an archived recap. Its event dates and property listings have passed. For current figures and listings, see Bernadette Meyer's live market snapshot and current listings pages.
How does Nantucket's market compare now to fall 2024?
Fall 2024's strength carried into 2025, which closed near $1.8 billion in sales and included the $18,000,000 record sale of 1 Ocean Avenue. By 2026, activity had broadened into a wider mid-price range with more moderate median prices.
Related Reading
Curious how today's market compares? Contact Bernadette Meyer for a current read on Nantucket real estate, current listings, or opportunities.
