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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 Q2 2023 vs Q2 2024
Martha’s Vineyard
Average Sales Price
Q2 2023 – $2128708
Q2 2024 – $2205433.51
4% up
Average Days On Market
Q2 2023 – 55
Q2 2024 – 147.5
168% up
Average Sale Price Per Square Foot
Q2 2023 – $947
Q2 2024 – $979.81
3% up
Median Sales Price
Q2 2023 – $1480000
Q2 2024 – $1380000
7% down
Number of Sold Listings
Q2 2023 – 63
Q2 2024 – 57
10% down
Sale to List Price
Q2 2023 – 92.84%
Q2 2024 – 95.42%
increased by 3%
Mortgage Rate
Q2 2023 – 6.84%
Q2 2024 – 7.02%
3% up
Top 10 Sales
- $12000000 103 Main Street Vineyard Haven, MA
- $5500000 99 Oyster Pond Road Edgartown, MA
- $5300000 5 Stillpoint Meadows Road West Tisbury, MA
- $5228210 81 Oyster Pond Road Edgartown, MA
- $4900000 3 Pepperbush Lane Chilmark, MA
- $4600000 14 Mill Hill Road Edgartown, MA
- $4574000 14 East Sound Lane Vineyard Haven, MA
- $4500000 62 South Water Street Edgartown, MA
- $4400000 26 Harding Hill Chilmark, MA
- $3840000 17 Lenssen Way Edgartown, MA
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