Provincetown Real Estate Market Update: February 2025

Mar 5

As the winter season settles in, Provincetown’s real estate market continues to show resilience and strength. Let’s dive into the latest home sales data for February 2025.

Provincetown, MA Dunes Cape Cod Joseph Tanner — **Sales Snapshot:**

**Total Homes Sold:** 7 (6 Condos, 1 Single Family)
**Median Sale Price:** $1,100,000
**Average Days on Market:** 29
**Lowest Sale Price:** $460,000
**Highest Sale Price:** $2,040,000
**Sale to List Price Ratio:** 98%
**Average Price Per Sqft:** $1,530
**Total Sold Volume:** $8,681,000

Market Insights: The median sale price of $1.1M reflects continued demand for Provincetown properties, with buyers showing willingness to invest in this picturesque coastal town. Despite only seven sales, the high average price per square foot ($1,530) underscores the market’s premium status.

Homes moved quickly, with an average of just 29 days on market, signaling eager buyers ready to make competitive offers. The sale-to-list price ratio of 98% indicates that properties are selling very close to asking prices, a testament to accurate pricing strategies and strong buyer interest.

Property Sales Breakdown: In February, condos dominated the market, making up five of the six transactions. This trend highlights the ongoing appeal of low-maintenance living, especially in Provincetown's vibrant community. Meanwhile, the single-family home sale, though singular, set the month’s price ceiling at $2.04M, emphasizing the high value of standalone properties in this sought-after location.

What This Means for Buyers and Sellers: For sellers, these numbers paint a promising picture. Well-priced properties are moving swiftly, and the tight sale-to-list ratio means you’re likely to achieve close to your asking price. For buyers, the market remains competitive, but opportunities abound — particularly for those seeking luxury coastal living.

As we look ahead to the spring season, it will be interesting to see if these trends continue or if a seasonal uptick in inventory shifts the market dynamics. Either way, Provincetown remains a vibrant and desirable market, offering unique opportunities for both homeowners and investors alike.

Thinking about buying or selling in Provincetown? Now is the perfect time to connect! Joseph is here to guide you through the dynamic market with expert insight and personalized support.

Curious about your home's value? Click the link below for an instant estimate or a personalized evaluation!

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