$5,700 Closing Credit*
$480,000
2,532 SqFt
4 Beds
•2 Full Baths
Ben Goldstein, Listing Office: LENNAR REALTY
Is Providence, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Providence was a Seller's 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
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,000(+4.2%)
Key Takeaway
Homes in Providence have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Providence was $500,000 in October 2024, up 4.2% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $435K | $420K | -3.4% |
| 4 Bedrooms | $455K | $490K | +7.7% |
| 5+ Bedrooms | $590K | $537.9K | -8.8% |
Summary: Providence housing prices by bedroom type for October 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 3.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Preston Woods | $458K | $500K | +9.2% |
| Providence | $480K | $500K | +4.2% |
Housing Supply in Providence, FL
How many homes are available in Providence, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 74 | 74 | 0.0% |
Summary: The Providence real estate market had 74 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 44 | 46 | +4.5% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Providence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Providence, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Providence in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 58 Days | +23.2% |
Summary: Homes in Providence had an average of 58 days on market in Oct 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Providence has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Providence; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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