Market News - 2025 Market Review is out!

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Martha’s Vineyard 2025 Real Estate Market Summary

The Martha’s Vineyard real estate market strengthened in 2025, showing renewed momentum after the slowdown of 2024. Total transactions increased 6% to 396 sales, while dollar volume jumped 16% to $893 million. Average sale price rose 10% to a record $2.25 million, with residential properties averaging $2.47 million.

Although 2025 marked the second-lowest number of transactions since 2009, the increase from 2024 signaled healthier activity. At the same time, dollar volume reached its third-highest level on record, driven largely by strong demand at the high end of the market.

Residential sales dominated the market, accounting for 91% of total dollar volume and 83% of transactions. Residential transactions rose 8%, dollar volume surged 23%, and average prices climbed sharply—though much of the price growth was influenced by two exceptional $37+ million sales. Excluding those outliers, residential prices still rose modestly, while median prices increased 3%.

Inventory rebounded meaningfully, with peak listings up 20% to levels comparable to pre-COVID years. Despite this increase in supply, prices continued to rise, underscoring sustained demand.

Town Highlights

• Chilmark experienced a strong rebound, with transactions up 55% and dollar volume up 130%, driven by several ultra-high-end sales, including a $37 million record transaction.
   
• West Tisbury saw increased activity led by mid-range sales, though average prices declined due to fewer high-end transactions.
   
• Aquinnah had fewer sales overall but posted higher average prices, with most transactions above $2 million.
   
• Edgartown remained the island’s market leader, accounting for 45% of dollar volume and recording the highest sale of the year at $37.5 million.
   
• Oak Bluffs posted broad-based gains across all price segments and remained the most accessible market by price.
   
• Tisbury experienced declines in activity and dollar volume, though high-end sales increased slightly.

Market Segments

• High-end properties ($3M+) had a standout year, representing 51% of total island dollar volume. Ultra-luxury sales doubled from 2024, including two record-setting transactions over $37 million.
   
• Entry-level sales (under $1M) ticked up modestly for the first time in years but continued to represent just 25% of transactions, highlighting ongoing affordability challenges.
   
• Land sales continued to soften, with transactions down 20% and prices declining, likely reflecting persistently high construction costs.
   
• Commercial sales increased modestly, led by strong activity in Oak Bluffs and Tisbury.

Conclusion

After years of volatility following the pandemic boom, the Vineyard market in 2025 stabilized on solid footing. Prices strengthened across most segments, inventory normalized, and demand—especially at the high end—remained robust. While affordability and workforce housing remain pressing challenges, overall market conditions point to continued confidence heading into 2026 for both buyers and sellers.

TEA LANE ASSOCIATES' 2025 HIGHLIGHTS 

Tea Lane Associates sold property in all six towns in 2025 and represented the buyer and/or seller in four of the five brokered sales in Aquinnah. Tea Lane sold the second highest priced property in Tisbury and represented the buyer in the third highest priced property in West Tisbury. 

Tea Lane Associates worked with Buyers and Sellers of property on the Edgartown Great Pond, waterfront on the North Shore in West Tisbury and Aquinnah, a renovated historic home in Vineyard Haven, homes with substantial acreage in Chilmark, vacant parcels in Chilmark, West Tisbury and Vineyard Haven, beach lots, seasonal houses, new builds and renovation projects, commercial property as well as year-round homes all around the island. 

Tea Lane Associates’ sales represented 60% of Aquinnah dollar volume, 16% of West Tisbury dollar volume, 12% of Chilmark dollar volume, 17% of all up-island dollar volume, and 8% of dollar volume island-wide. 

Tea Lane Associates represented buyers and sellers at all price points. We worked with buyers who have been coming to the Vineyard for their lifetime and buyers who discovered the island more recently, with buyers who were upgrading on the island, buyers who were downsizing and with buyers who were expanding their holdings on the island. We helped families purchase their year-round homes, and buyers who were setting up for retirement. We worked with sellers (individuals, groups of family members, trustees, business partners) to list and sell a wide range of properties from vacant land, to new construction, to beloved generational family homes.  All are an important part of what we do and we were honored to be part of a new chapter in our clients’ lives.

In 2025, as the Martha’s Vineyard affiliate of Forbes Global Properties, Tea Lane Associates tapped into our global marketing network to create high quality and broad reach exposure for our Seller clients including: 

1 listing featured as an article in the Wall Street Journal

1 listing covered by the Robb Report

2 listings that were written up in Cottages and Gardens, and Boston Magazine

2 sales featured as notable in Forbes

5 listings that were covered as features in Forbes, 2 that were front page in the Forbes Lifestyle section

Forbes Global Properties connects buyers and sellers of luxury properties worldwide and is the exclusive real estate partner of Forbes, one of the world’s most trusted media brands.