$5,936 Closing Credit*
$499,900
231 SqFt
1 Bed
•1 Full Bath
#73319333, Iskren Georgiev, 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 November 2023
At the same time last year, Provincetown was a Seller's Market.
Key Takeaway
Provincetown is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Provincetown, MA
How much do homes in Provincetown, MA cost?
Median Sold Price
$1,100,000
$1,359/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$215,500(+24.4%)
Key Takeaway
Homes in Provincetown have sold for 24.4% more than they did a year ago.
Summary: The median home sold price in Provincetown was $1,100,000 in November 2024, up 24.4% from last year, and the median price per square foot was $1,359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $581.5K | $795K | +36.7% |
| 2 Bedrooms | $958.5K | $1.1M | +21.0% |
| 3 Bedrooms | $1.6M | $2.1M | +35.7% |
| 4 Bedrooms | $2.3M | $2.3M | +1.2% |
| 5+ Bedrooms | $2.8M | - | N/A |
Summary: Provincetown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.7%, 2 bedroom homes increased by 21%, 3 bedroom homes increased by 35.7%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 48 | -11.1% |
Summary: The Provincetown real estate market had 48 homes for sale in November 2024, a 11.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 3 | 1 | -66.7% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Provincetown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes decreased by 66.7%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 8 | -42.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Provincetown, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Provincetown in November 2024, down by 42.9% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 93 Days | +1033.3% |
Summary: Homes in Provincetown had an average of 93 days on market in Nov 2024, up by 1033.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 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 November 2024, 8 homes were sold in Provincetown; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
