The average asking price for a new listing on Martha's Vineyard is approximately $3,048,720.
Martha's Vineyard is renowned for its exclusive real estate market, and property costs reflect the island's desirability. When evaluating the average cost of a home, it's useful to look at various metrics, particularly the asking prices of properties newly introduced to the market.
The average asking price for homes recently listed provides a clear indication of current market values. Additionally, understanding the average price per square foot offers a more detailed perspective on the cost efficiency and intrinsic value of properties on the island, regardless of their overall size. These figures collectively illustrate the premium nature of real estate on Martha's Vineyard.
Key Market Data for Martha's Vineyard Real Estate
Below is a snapshot of recent market figures that contribute to understanding the average house cost and overall market dynamics on Martha's Vineyard:
| Metric | Value |
|---|---|
| Average Asking Price (New Listings) | $3,048,720 |
| Average Asking Price / Sq.Ft. | $1,713 |
| New Properties on Market | 25 |
| Total Properties on Market | 213 |
| Number of Price Changes | 18 |
These statistics underscore the significant investment involved in purchasing property in this highly sought-after location. The high average asking price for new listings, coupled with a substantial cost per square foot, points to a robust and valuable real estate market.
