Is Providence, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Providence has remained a Seller'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, FL
How much do homes in Providence, FL cost?
Median Sold Price
$499,499
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Providence have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Providence was $499,499 in April 2024, up 8.8% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $370.4K | $420K | +13.4% |
| 4 Bedrooms | $443.8K | $474.3K | +6.9% |
| 5+ Bedrooms | $550K | $560K | +1.8% |
Summary: Providence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Providence | $459K | $499.4K | +8.8% |
| Lexington Green | $573K | $536K | -6.5% |
| Preston Woods | $474K | $432.5K | -8.8% |
Housing Supply in Providence, FL
How many homes are available in Providence, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 91 | 93 | +2.2% |
Summary: The Providence real estate market had 93 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 51 | 52 | +2.0% |
| 5+ Bedrooms | 32 | 31 | -3.1% |
Summary: The Providence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 25 | +78.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Providence, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Providence in April 2024, up by 78.6% month-over-month. Of the 25 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.
Days on Market for Providence, FL
How long does it take to sell a home in Providence, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 54 Days | -9.5% |
Summary: Homes in Providence had an average of 54 days on market in Apr 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 25 homes were sold in Providence; 52% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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