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Our Nahant, MA real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Nahant as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Nahant, MA.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Nahant MA Community Profile & History
Nahant, Massachusetts is a resort town of rocky coasts in the southernmost part of Essex County. Just half an hour's drive from Boston, the town offers gorgeous waterfront scenery, a bounty of recreation opportunities, miles of beautiful beaches, an accessible location and some of the most desirable real estate in the North Shore region.
The community was first settled by Puritans in 1630, who retained the original Native American name for the area; it means "the point" or "almost an island". Used in early colonial days as a grazing area for cattle, sheep and goat flocks owned by Lynn residents, the town soon developed a maritime economy with a small population devoted to fishing.
The town became a resort mecca very early on with chaises coming from Lynn. Visitors stayed in boarding houses or private homes and the first hotel was built by 1803. In 1817 a steamboat sailed from Boston to Nahant daily, and by 1826 a stage from the Nahant Hotel connected twice a day with coaches running between Boston and Salem.
Fishing and several shoe shops were the major businesses aside from agriculture and tourism, and even up to 1830 year-round residents were very few. Incorporated in 1853, the town was the site of the most massive hotel complex on the Atlantic Coast and the location of an annual regatta. By the end of the 19th century, there was a visible shift away from hotels and toward residences.
An era of skyrocketing growth began about 1870 and continued unabated for the next four decades, with construction firms putting up hundreds of summer homes for visitors to the town. In the modern era, the town has become a predominantly residential in nature as farming and industrial activities have gradually been phased out. Popular attractions in the community include the Observatory and Marine Science Center at East Point, operated by Northeastern University and host to a number of community outreach programs; Kelley Greens, a 9-hole public golf course with excellent views of the ocean; and the Lynn Shore Reservation, a 96-acre public park with a promenade along Nahant Bay, sand dunes and tide pools teeming with marine life at Red Rock Park, several ball fields, tennis courts, a boat ramp and miles of sandy beach.
Nahant Massachusetts Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.
Nahant, MA Real Estate Market Statistics
The following information was extracted from the state-wide MLS system and its accuracy is not guranteed.
Nahant Single Family Home Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2006 179 21 $511821 $258600 $450000 $1012500 |
2007 192 19 $600324 $222000 $549000 $1925000 |
2008 163 26 $483448 $155000 $387500 $1605000 |
2009 262 25 $619506 $229250 $400000 $3575000 |
2010 158 23 $559165 $138000 $485000 $2000000 |
Average Selling Price of Single Family Homes in Nahant
| 2006 |  $511821 | |
| 2007 | $600324 | |
| 2008 | $483448 | |
| 2009 | $619506 | |
| 2010 | $559165 |
Nahant Condominum Sales Trends:
| Year Days on Market #Sold Average Price Lowest Price Median Price Highest Price |
2008 60 9 $193111 $140000 $195000 $262500 |
2009 31 3 $156667 $143000 $147000 $180000 |
2010 79 7 $198500 $129900 $180000 $395000 |
Average Selling Price of Condominiums in Nahant
| 2008 | $193111 | |
| 2009 | $156667 | |
| 2010 | $198500 |