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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 April 2024
Martha’s Vineyard
Average Sales Price
April 2024 – $2890000
May 2024 – $2000654.58333333
31% down
Average Days On Market
April 2024 – 126
May 2024 – 183.83
46% up
Average Sale Price Per Square Foot
April 2024 – $1066
May 2024 – $915.92
14% down
Median Sales Price
April 2024 – $2225000
May 2024 – $1243750
44% down
Number of Sold Listings
April 2024 – 17
May 2024 – 24
41% up
Sale to List Price
April 2024 – 95.30%
May 2024 – 89.24%
decreased by 6%
Mortgage Rate
April 2024 – 7.31%
May 2024 – 7.17%
2% down
Top 10 Sales
- $5500000 99 Oyster Pond Road Edgartown, MA
- $5228210 81 Oyster Pond Road Edgartown, MA
- $4600000 14 Mill Hill Road Edgartown, MA
- $4500000 62 South Water Street Edgartown, MA
- $3000000 10 High Street Edgartown, MA
- $2450000 32 Harthaven Road Oak Bluffs, MA
- $2400000 41 Hidden Village Road West Tisbury, MA
- $2000000 131 Shubael Weeks Road West Tisbury, MA
- $1900000 28 Vickers Street Edgartown, MA
- $1700000 149 Vineyard Meadow Farms Road West Tisbury, MA
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