Is Provincetown, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$907,500
$1,213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Provincetown has remained the same since last year.
Summary: The median home sold price in Provincetown was $907,500 in April 2024, up 0.3% from last year, and the median price per square foot was $1,213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $565K | $660.5K | +16.9% |
| 2 Bedrooms | $895K | $1.0M | +15.4% |
| 3 Bedrooms | $1.8M | $1.2M | -34.0% |
| 4 Bedrooms | $2.3M | $1.0M | -56.5% |
| 5+ Bedrooms | $2.8M | $2.7M | -3.1% |
Summary: Provincetown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.9%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 34%, 4 bedroom homes decreased by 56.5%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Provincetown | $905K | $907.5K | 0.3% |
| Truro | $880K | $775K | -11.9% |
Housing Supply in Provincetown, MA
How many homes are available in Provincetown, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Summary: The Provincetown real estate market had 34 homes for sale in April 2024, a 25.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 7 | 11 | +57.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Provincetown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Provincetown, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Provincetown in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 42 Days | 21 Days | -49.0% |
Summary: Homes in Provincetown had an average of 21 days on market in Apr 2024, down by 49% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Provincetown are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Provincetown; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
