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Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin.
If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends.
According to MLSPIN, the marketplace for Martha’s Vineyard, here’s what happened in here’s what happened in Q3 2023 vs Q3 2024
Martha’s Vineyard
Average Sales Price
Q3 2023 – $1814581.18181818
Q3 2024 – $2360973
30% up
Average Days On Market
Q3 2023 – 74.37
Q3 2024 – 111
49% up
Average Sale Price Per Square Foot
Q3 2023 – $906.5
Q3 2024 – $1260.31
39% up
Median Sales Price
Q3 2023 – $1332500
Q3 2024 – $1530000
15% up
Number of Sold Listings
Q3 2023 – 110
Q3 2024 – 64
42% down
Sale to List Price
Q3 2023 – 96.66%
Q3 2024 – 94.45%
decreased by 2%
Mortgage Rate
Q3 2023 – 7.55%
Q3 2024 – 6.24%
17% down
Top 10 Sales
- $13128000 61 North Water Street Edgartown, MA
- $9523000 40 Gaines Way Edgartown, MA
- $9000000 52 South Summer Street Edgartown, MA
- $8500000 37 Cooke Street Edgartown, MA
- $6665000 11 Cummings Way Edgartown, MA
- $5000000 183 Upper Main Street Edgartown, MA
- $4675000 89 Ocean Avenue Oak Bluffs, MA
- $4525000 20 Metells Way Edgartown, MA
- $4300000 11 Jordan Way Edgartown, MA
- $3875000 99 South Summer Street Edgartown, MA
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