$10,000 Closing Credit*
$849,000
438 SqFt
1 Bed
•1 Full Bath
#73313187, Joan Lenane, Listing Office: Gibson Sotheby's International Realty
Is Provincetown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Provincetown has remained a Seller's Market.
Key Takeaway
Provincetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Provincetown, MA
How much do homes in Provincetown, MA cost?
Median Sold Price
$1,150,000
$1,400/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$300,000(+35.3%)
Key Takeaway
Homes in Provincetown have sold for 35.3% more than they did a year ago.
Summary: The median home sold price in Provincetown was $1,150,000 in October 2024, up 35.3% from last year, and the median price per square foot was $1,400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $820K | +39.5% |
| 2 Bedrooms | $897K | $1.2M | +42.1% |
| 3 Bedrooms | $1.7M | $2.1M | +25.0% |
| 4 Bedrooms | $2.3M | $2.3M | +1.2% |
| 5+ Bedrooms | $2.9M | - | N/A |
Summary: Provincetown housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.5%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes did not change.
Housing Supply in Provincetown, MA
How many homes are available in Provincetown, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 63 | 62 | -1.6% |
Summary: The Provincetown real estate market had 62 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 22 | 0.0% |
| 2 Bedrooms | 16 | 16 | 0.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Provincetown 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 decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 14 | +133.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Provincetown, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Provincetown in October 2024, up by 133.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 0% were sold at asking, and 36% were sold over asking.
Days on Market for Provincetown, MA
How long does it take to sell a home in Provincetown, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 52 Days | 0.4% |
Summary: Homes in Provincetown had an average of 52 days on market in Oct 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Provincetown has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Provincetown; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
