Provincetown Real Estate Market Update May 2025
As we move into the heart of the summer season, Provincetown s real estate market continues to reflect steady interest from buyers despite broader economic headwinds and shifting market dynamics. In May 2025, 12 residential properties sold including 8 condominiums and 4 single-family homes. This is a slight decrease from the 13 properties sold in May 2024, but the consistency in pricing and buyer activity signals ongoing confidence in Provincetown’s unique coastal market.
Key May 2025 Market Highlights
Total Homes Sold: 12 (8 Condos, 4 Single Family)
Median Sale Price: $1,225,000
Average Days on Market: 80 days
33% of homes sold in 30 days or lessLowest Sale Price: $550,000
Highest Sale Price: $3,100,000
Sale-to-List Price Ratio: 95%
Average Price Per Sq Ft: $1,618
Total Volume Listed: $17,816,000
Total Volume Sold: $16,925,000
While the average days on market extended to 80 days, a third of homes still sold within 30 days, indicating that well-priced and well-presented homes continue to attract swift buyer interest.
Year-Over-Year Comparison: May 2024 vs. May 2025
Notable takeaways:
Median prices rose slightly year-over-year, demonstrating stable demand.
The average price per square foot jumped by nearly 24%, indicating buyers are paying more per square foot for quality locations and updated properties.
Sales volume dipped from 2024, largely due to the absence of a high-end transaction like last year’s $6.8 million home sale.
What This Means for Buyers and Sellers
For sellers, the Provincetown market remains strong, with properties still selling close to list price provided they are strategically priced and marketed. Homes that show well and are priced right continue to move quickly, with one in three selling in less than a month.
For buyers, the increase in price per square foot highlights growing competition, especially for centrally located or newly renovated properties. While overall sales activity is slightly down, opportunities exist, especially for those ready to act quickly.
Looking Ahead
As Provincetown heads deeper into its peak season, we expect continued buyer interest, particularly in well-located condos and single-family homes with outdoor space. Inventory remains relatively limited, so buyers should be prepared to move swiftly when the right property comes on the market.
For those considering a move or investment in Provincetown, staying informed on monthly market trends is key. Whether you're looking to buy, sell, or simply explore options, I’m here to guide you through every step with data-driven insights and local expertise.
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