$40,000
1.36 Acres
Land
Shayna L Goodson, Listing Office: Oxford Property Group USA
Is Providence, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Providence has remained a Neutral Market.
Key Takeaway
Providence 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 Providence, NY
How much do homes in Providence, NY cost?
Median Sold Price
$330,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+43.5%)
Key Takeaway
Homes in Providence have sold for 43.5% more than they did a year ago.
Summary: The median home sold price in Providence was $330,000 in November 2024, up 43.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $270.4K | +96.0% |
| 2 Bedrooms | $197K | $215K | +9.1% |
| 3 Bedrooms | $345K | $339.9K | -1.5% |
| 4 Bedrooms | - | $330K | N/A |
| 5+ Bedrooms | $290.7K | - | N/A |
Summary: Providence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Providence | $230K | $330K | +43.5% |
| Milton | $350K | $381.5K | +9.0% |
| Porter Corners | $370K | $345K | -6.8% |
Housing Supply in Providence, NY
How many homes are available in Providence, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Summary: The Providence real estate market had 7 homes for sale in November 2024, a 30.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Providence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Providence in November 2024, down by 75.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Providence, NY
How long does it take to sell a home in Providence, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 80 Days | +300.0% |
Summary: Homes in Providence had an average of 80 days on market in Nov 2024, up by 300% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Providence has remained consistent over time.
Summary: During November 2024, 1 homes were sold in Providence; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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