Provincetown Mid-Year Market Report: January - June 2025
As we cross the halfway point of 2025, Provincetown's real estate market continues to show resilience and strong buyer interest, particularly in the condo segment. While sales volume has remained steady, pricing trends and buyer behavior tell a story of measured demand and selective purchasing.
2025 Mid-Year Overview
Total Homes Sold: 61 (Condos: 46 Single-Family Homes: 15)
Median Sale Price: $1,172,000
Average Days on Market: 63 (43% of homes sold in 30 days or less)
Lowest Sale Price: $444,500
Highest Sale Price: $5,283,000
Sale to List Price Ratio: 95%
Average Price per Square Foot: $1,387
Total Volume List Price: $93,408,000
Total Volume Sold Price: $88,945,000
With a median sale price just over $1.17M and an average price per square foot nearing $1,400, Provincetown continues to command premium pricing, particularly in desirable locations and updated properties. While the average days on market rose slightly, 42% of homes went under contract within the first month indicating that competitively priced and well-presented homes are still moving quickly.
Compared to the first half of 2024, the number of overall sales held steady with only a slight drop in condos sold. The median sale price rose by $28,000, and the total sales volume jumped by over $10 million, signaling increasing buyer investment even with a slight dip in sale-to-list ratios. Single-family sales rose in 2025, suggesting renewed interest in stand-alone homes, possibly from buyers prioritizing privacy, space, or outdoor areas.
Takeaways for Buyers and Sellers
Sellers: Homes priced under $1.2M that are move-in ready and well-marketed continue to attract quick offers. If you're considering listing, the current market still favors sellers especially those who price strategically.
Buyers: Inventory has remained relatively tight, but opportunities exist. With almost half of homes sold within 30 days, staying prepared with financing and working with a local expert gives you a competitive edge.
Interested in buying or selling in Provincetown? Let s talk about your goals and how to position your property or search in today s evolving market.