Nantucket Real Estate: Most Active Listings Over $1 Million

Nantucket, Massachusetts, has emerged as the leading pure luxury housing market in the United States, with 99% of its active real estate listings priced at $1 million or higher, according to a March 2026 report released by Realtor.com on April 8, 2026.

The report identifies 13 specific U.S. Markets that operate in a separate price tier from the broader national housing market. To qualify for this list, a community must have fewer than 500 million-dollar listings and at least half of its active inventory priced at $1 million or above.

In Nantucket, the concentration of high-end inventory is the highest in the nation. The island’s median listing price stands at $4.08 million, and the area averages 138 million-dollar listings per year.

Pure Luxury Market Characteristics

The identified luxury hubs are predominantly located in coastal, mountain, and Sun Belt regions. California contains five of the 13 markets, while Massachusetts and Idaho each have two locales on the list. Other identified markets include Bozeman, Montana; Napa, California; Kapaa, Hawaii; and Hailey, Idaho.

Following Nantucket, Vineyard Haven, a community within Martha’s Vineyard, Massachusetts, has the second-highest concentration of million-dollar listings, with 90% of its active inventory meeting that threshold and a median listing price of $2.4 million. Jackson, Wyoming, holds the third-highest median price among these markets at $1.75 million.

Anthony Smith, a senior economist at Realtor.com, stated that the list was intended to highlight markets where luxury is dominant rather than areas reflecting general regional housing costs. Smith noted that many of these markets are defined by scarcity, citing the island locations of Nantucket and Vineyard Haven as primary examples.

Smith further observed that location in these markets is very much intentional, and demand does not necessarily depend on proximity to a large economic hub.

National Luxury Market Trends

The luxury environment in these 13 enclaves contrasts sharply with the broader U.S. Housing market. As of March 2026, the national median listing price was $415,450, and only 13.1% of all nationwide listings were priced at $1 million or more.

The national luxury threshold, defined as the 90th percentile, reached $1,249,611 in March 2026. While the national entry-level luxury price saw a month-over-month increase of 3.7%, it remained 2.9% lower than the levels recorded one year prior.

Data from the March 2026 National Luxury Overview shows the following thresholds for the U.S. Market:

• Luxury Threshold (90th Percentile): $1,249,611
• High-End Luxury Threshold (95th Percentile): $1,997,108
• Ultra Luxury Threshold (99th Percentile): $5,753,869

Danielle Hale, chief economist at Realtor.com, noted that the national luxury market is stabilizing seasonally as it enters the spring, though it remains modestly softer than previous periods.

In these pure luxury markets, the typical home is priced above $1 million and, in some cases, nearly everything for sale exceeds that luxury benchmark. Because the median home in these areas is already a luxury asset, the threshold for the most exclusive properties often reaches levels three to 10 times higher than the national benchmark.

Danielle Hale, chief economist at Realtor.com

This disparity is evident in markets like Aspen, Colorado, where the threshold for the top 1% of listings reached $59.2 million.