Provincetown Real Estate Market Update: March 2025
The Provincetown real estate market remained active in March 2025, with 12 homes sold, comprising 9 condos and 3 single-family homes. The median sale price for the month was $1,125,000, reflecting continued demand for properties in the area.
Key Market Highlights for March 2025:
Homes Sold: 12 (9 Condos, 3 Single-Family Homes)
Median Sale Price: $1,125,000
Average Days on Market: 62 (42% of homes sold in 30 days or less)
Lowest Sale Price: $550,000
Highest Sale Price: $3,444,500
Sale to List Price Ratio: 95%
Average Price Per Sqft: $1,211
Total Volume Listed: $17,192,800
Total Volume Sold: $16,284,500
Year-Over-Year Comparison: March 2025 vs. March 2024
Compared to March 2024, the Provincetown housing market experienced notable growth in both transaction volume and sales prices. The number of homes sold increased from 8 in 2024 to 12 in 2025, with a slight rise in single-family home transactions. The median sale price also climbed from $1,060,000 to $1,125,000, reflecting an upward trend in property values. The average days on market remained nearly the same, with homes spending 63 days on average in 2024 compared to 62 days in 2025. While the total volume sold surged by 64% from $9,933,500 to $16,284,500, highlighting stronger market activity and demand.
Market Insights
The increase in sales activity and total transaction volume suggests a strong demand for Provincetown real estate, with more buyers actively purchasing properties. The median sale price increase and stable days on the market indicate that well-priced homes are still selling relatively quickly; on average homes sold for 95% of their list price.
As we move into the spring and summer months, Provincetown's real estate market will likely continue to see strong activity. Whether you are considering buying or selling, staying informed about these trends can help you make the best decisions for your real estate goals.
Looking to Buy or Sell in Provincetown?
If you're thinking about making a move in Provincetown, now is a great time to connect. Reach out today to discuss the market and how you can take advantage of current opportunities.