$9,200
4.30 Acres
Land
Ritch Gregory, Listing Office: Howard Hanna
Is Providence, NY 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 Buyer's Market.
Key Takeaway
Providence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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 October 2023
+$90,000(+37.5%)
Key Takeaway
Homes in Providence have sold for 37.5% more than they did a year ago.
Summary: The median home sold price in Providence was $330,000 in October 2024, up 37.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $138K | $270.4K | +96.0% |
| 2 Bedrooms | $197K | $275K | +39.6% |
| 3 Bedrooms | $270K | $332.4K | +23.1% |
| 4 Bedrooms | - | $330K | N/A |
| 5+ Bedrooms | $290.7K | - | N/A |
Summary: Providence housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 96%, 2 bedroom homes increased by 39.6%, 3 bedroom homes increased by 23.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Providence | $240K | $330K | +37.5% |
| Milton | $350K | $379.5K | +8.4% |
| Porter Corners | $357.5K | $345K | -3.5% |
| Edinburg | $397K | $285K | -28.2% |
Housing Supply in Providence, NY
How many homes are available in Providence, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Summary: The Providence real estate market had 9 homes for sale in October 2024, a 10.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Providence, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Providence in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 16 Days | +132.1% |
Summary: Homes in Providence had an average of 16 days on market in Oct 2024, up by 132.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Providence are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in Providence; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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