$5,344 Closing Credit*
$450,000
2,109 SqFt
4 Beds
•3 Full Baths
Kenneth Burningham, Listing Office: BURNINGHAM REALTY
Is Providence, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Providence was a Neutral Market.
Key Takeaway
Providence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Providence, FL
How much do homes in Providence, FL cost?
Median Sold Price
$500,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,244(+1.5%)
Key Takeaway
Homes in Providence have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Providence was $500,000 in November 2024, up 1.5% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $445K | $410K | -7.9% |
| 4 Bedrooms | $469K | $490K | +4.5% |
| 5+ Bedrooms | $596.5K | $529K | -11.3% |
Summary: Providence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 11.3%.
Housing Supply in Providence, FL
How many homes are available in Providence, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 69 | 69 | 0.0% |
Summary: The Providence real estate market had 69 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 40 | 44 | +10.0% |
| 5+ Bedrooms | 23 | 18 | -21.7% |
Summary: The Providence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 21.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Providence, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Providence in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Providence, FL
How long does it take to sell a home in Providence, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 144 Days | +72.8% |
Summary: Homes in Providence had an average of 144 days on market in Nov 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Providence has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Providence; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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