$10,000 Closing Credit*
$1,150,000
1,389 SqFt
2 Beds
•2 Full Baths
#73306513, The Rose Kennedy Team, 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 September 2023
At the same time last year, Provincetown was a Seller's Market.
Key Takeaway
Provincetown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 September 2023
+$325,000(+41.9%)
Key Takeaway
Homes in Provincetown have sold for 41.9% more than they did a year ago.
Summary: The median home sold price in Provincetown was $1,100,000 in September 2024, up 41.9% from last year, and the median price per square foot was $1,359.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $588K | $855K | +45.4% |
| 2 Bedrooms | $770K | $1.0M | +36.4% |
| 3 Bedrooms | $1.7M | $2.1M | +25.0% |
| 4 Bedrooms | $2.3M | $6.8M | +199.3% |
| 5+ Bedrooms | $2.8M | $3.1M | +9.7% |
Summary: Provincetown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.4%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 199.3%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| North Truro | $726.5K | $1.2M | +66.6% |
| Provincetown | $775K | $1.1M | +41.9% |
| Truro | $875K | $1.0M | +21.4% |
Housing Supply in Provincetown, MA
How many homes are available in Provincetown, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 63 | 68 | +7.9% |
Summary: The Provincetown real estate market had 68 homes for sale in September 2024, a 7.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 25 | +31.6% |
| 2 Bedrooms | 19 | 18 | -5.3% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Provincetown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 31.6%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Provincetown, 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 Provincetown in September 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 43 Days | 44 Days | +0.6% |
Summary: Homes in Provincetown had an average of 44 days on market in Sep 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Provincetown are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 6 homes were sold in Provincetown; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
