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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 Cape Cod & Islands Association of Realtors, the marketplace for Martha’s Vineyard properties, here’s what happened in September 2024 vs October 2024:
Martha’s Vineyard
Average Sales Price
September 2024 – $3172103.44827586
October 2024 – $2077286
35% down
Average Days On Market
September 2024 – 114
October 2024 – 118
4% up
Average Sale Price Per Square Foot
September 2024 – $1285
October 2024 – $1002.27
22% down
Median Sales Price
September 2024 – $1900000
October 2024 – $1640000
14% down
Number of Sold Listings
September 2024 – 29
October 2024 – 45
55% up
Sale to List Price
September 2024 – 92.82%
October 2024 – 95.26%
increased by 3%
Mortgage Rate
September 2024 – 6.24%
October 2024 – 6.88%
10% up
Top 10 Sales
- $6100000 391 Middle Road Chilmark, MA
- $4555000 29 Llewellyn Way Edgartown, MA
- $4508000 6 Janes Cove Edgartown, MA
- $4300000 53 Road to the Plains Edgartown, MA
- $4100000 11 Brushy Lane Edgartown, MA
- $3860000 119 South Water Street Edgartown, MA
- $3750000 18 Pent Lane Edgartown, MA
- $3750000 43 Naushon Road West Tisbury, MA
- $3200000 2 Old Field Road Aquinnah, MA
- $3000000 103 West Tisbury Road Edgartown, MA
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