Provincetown Real Estate Market Update: August 2025
Provincetown’s real estate market closed out August 2025 with strong momentum, showcasing steady buyer demand across both the condo and single-family segments. While we saw some shifts compared to last year particularly in pricing and time on market the overall story remains one of resilience, diversity, and continued interest in Provincetown as a premier coastal community.
August 2025 Sales Highlights
Total Homes Sold: 17 (12 Condos, 5 Single-Family Homes)
Median Sale Price: $1,150,000
Lowest Sale Price: $459,000
Highest Sale Price: $3,235,000
Average Days on Market: 61 (Almost half sold within 30 days)
Sale-to-List Price Ratio: 95%
Average Price per Sqft: $1,677
Total Listing Volume: $27,808,000
Total Sales Volume: $26,191,000
The sales distribution is particularly notable. Condominiums continued to make up the majority of transactions, but single-family homes saw stronger activity this year, representing nearly 30% of all sales. This suggests growing buyer interest in stand-alone properties, despite Provincetown’s limited inventory in this category.
The median sale price dipped slightly to $1.15M, but the average price per square foot climbed to $1,677 a clear sign that smaller, high-quality homes and condos in desirable locations are commanding premium pricing. Buyers are paying for lifestyle and convenience, especially for move-in-ready homes with modern updates.
What Changed Year Over Year:
Sales Activity Increased: 17 homes sold in 2025 vs 13 in 2024. The expansion of single-family transactions (5 this year vs. 2 last year) helped drive volume.
Pricing Adjustments: Median sale price decreased 8% year-over-year, from $1.25M to $1.15M. However, this was offset by a 27% increase in price per square foot, pointing to buyers valuing smaller footprints in prime locations.
More Time on Market: Average days on market stretched from 46 to 61, reflecting a more deliberate pace as buyers evaluate options carefully. Despite this, nearly half of homes still sold within the first month suggesting that attractive, well-priced listings are still moving quickly.
Sales Volume Surge: Total volume jumped from $18.6M to $26.2M, a 41% increase, reflecting both higher transaction count and stronger upper-end sales.
What This Means for Sellers
For sellers, presentation and strategy remain critical. Buyers are more price-conscious than they were a year ago, so homes that are thoughtfully staged, priced correctly, and marketed with compelling visuals and details are the ones generating quick offers. With nearly half of all sales closing within 30 days, there s still plenty of room to move quickly when a property connects with the market.
What This Means for Buyers
For buyers, the increase in inventory and the longer average market time create opportunities to negotiate, especially on homes that may have been listed for several weeks. However, the competition for updated condos and well-located single-family homes is still very real waiting too long can mean missing out. If you re serious about owning in Provincetown, being pre-approved and ready to act remains the best strategy.
Looking Ahead
As we move into the fall, Provincetown s market will continue to reflect its unique mix of seasonal demand, limited inventory, and enduring appeal. With strong year-over-year growth in sales volume and more balanced dynamics between buyers and sellers, Provincetown real estate remains a healthy and resilient market. Whether you re considering buying, selling, or simply keeping an eye on the trends, staying informed is the best way to make confident decisions in today s shifting landscape.