Is Provincetown, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Provincetown is a buyer's market

Buyer's
Market

Difference Since August 2021

Since last year, Provincetown has remained a Buyer's Market.

Key Takeaway

Provincetown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Provincetown, MA cost?

Median Sold Price

$915,000

$921/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$186,250(+25.6%)

Key Takeaway

Homes in Provincetown have sold for 25.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $480K$492.5K
+2.6%
2 $784.5K$915K
+16.6%
3 $975K$1.2M
+25.6%
4 $3.1M$1.7M
-44.7%
5+ -$3.0M
N/A

How many homes are available in Provincetown, MA?

Number of Homes For Sale

Jul 2022Aug 2022%
3135+12.9%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 1112
+9.1%
2 810
+25.0%
3 55
0.0%
4 22
0.0%
5+ 56
+20.0%

Number of Homes Sold

Jul 2022Aug 2022%
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Provincetown, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
165 Days31 Days-80.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Provincetown are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Provincetown, MA

Number of homes for sale in Provincetown, MA real estate market have reached 35. In August 2022 in Provincetown, MA there were 12.9% more homes for sale than in July 2022. In August 2022 median list price was $915,000 and the average listing age was 31 days. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 2.6%, 2 bedrooms properties became 16.6% more expensive, prices of 3 bedrooms properties went up by 25.6%, prices of 4 bedrooms properties decreased by 44.7%, the cost of 5 bedrooms properties went up by 0%. Volume of homes for sale changed: volume of 1 bedroom homes went up by 9.1%, number of 2 bedrooms homes increased by 25%, the quantity of 3 bedrooms homes have not changed, volume of 4 bedrooms homes stayed the same, number of 5 bedrooms homes increased by 20%. While more than 4 listings in Provincetown, MA in August 2022 were sold above asking price, there were more than 0 listings sold at asking price, and more than 0 were sold below.