Provincetown Real Estate Market Update: April 2025
The Provincetown real estate market showed notable strength in April 2025, with 11 residential properties sold—comprising 7 condominiums and 4 single-family homes. While total number of sales was slightly lower compared to April 2024 (16 homes sold), key performance indicators showed significant growth in overall sales volume and median prices—particularly among single-family homes.
Key April 2025 Market Highlights:
Total Homes Sold: 11 (7 Condos, 4 Single-Family Homes)
Median Sale Price: $1,535,000
Average Days on Market: 66 days
(55% of homes sold in 30 days or less)Sale to List Price Ratio: 95%
Lowest Sale Price: $844,000
Highest Sale Price: $3,800,000
Price per Square Foot: $1,235
Total Volume Sold: $19,508,000
Price Trends
The median sale price rose to $1,535,000, a 67% increase year-over-year from April 2024's median of $917,500. This rise was driven primarily by a more balanced mix of single-family and condo sales this year, along with notable high-end transactions. In April 2025, Provincetown saw single-family home sales with a median sale price of $2,122,000, while condominiums sold at a median price of $999,000.
Key Takeaways
Shift Toward Higher Values: The 2025 median sale price increased by over 67% year-over-year, driven in part by the increased proportion of higher-value single-family home transactions.
Slight Price Compression per Sq. Ft.: The average price per square foot saw a modest dip from $1,390 to $1,235, possibly reflecting a broader range of property sizes and locations within the sales mix.
Fewer Sales, Higher Value: While fewer homes were sold this April, total sales volume increased by over $3.6M compared to last year—underscoring a robust high-end market.
Looking Ahead
As we head further into the spring and summer market, Provincetown continues to draw strong interest from buyers seeking premium coastal properties. Sellers entering the market now should focus on timing, presentation, and strategic pricing. Buyers, meanwhile, should be prepared to act decisively—working with an experienced local agent and securing financing or proof of funds in advance to stay competitive.
For personalized insights or to explore opportunities in Provincetown’s dynamic real estate market, feel free to reach out.