Name: Providence Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Providence, Utah in 2026?

Accepted Answer

As of May 2026, the median home price in Providence, Utah is $539,900, which is 4.2% above the Utah state median of $517,990. Home prices in Providence range from $224,900 to $2,400,000, with an average sale price of $625,519. These figures are based on recent closed transactions in the Providence real estate market.

Question 2

Is Providence, Utah a buyer's or seller's market?

Accepted Answer

Providence, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 106.3% and homes spending an average of 58 days on the market. Providence’s median home price sits ~4 % above the Utah median, sells faster (58 vs 72 days) and at a higher sale‑to‑list ratio (106 % vs ~100 %), signaling a tighter market than the state overall.

Question 3

How long do homes stay on the market in Providence?

Accepted Answer

Homes in Providence, Utah spend an average of 58 days on the market before going under contract compared to the Utah state average of 72 days (18.7% below average). This is a moderate pace, giving buyers some time to make decisions. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Providence, Utah?

Accepted Answer

As of May 2026, there are 48 active homes for sale in Providence, Utah with 78 new listings added recently. In the most recent reporting period, 26 transactions closed in Providence. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Providence, Utah?

Accepted Answer

Yes — Providence currently has 78 new listings recently added to the market, with prices starting from $224,900. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Providence is $539,900.

Question 6

How does Providence compare to the Utah state average?

Accepted Answer

Providence home prices are 4.2% above the Utah state median of $517,990, with a local median of $539,900. Homes sell faster than the state average — 58 days in Providence vs 72 days statewide (18.7% below average). The sale-to-list ratio is 106.3% locally vs 99.0% statewide.

Question 7

Are homes in Providence more expensive than the Utah average?

Accepted Answer

Yes, homes in Providence are more expensive than the Utah state average. The median home price in Providence is $539,900, compared to the statewide median of $517,990 — a difference of $21,910 (+4.2%). The premium reflects demand for the area's amenities, schools, and location.

Question 8

Do homes sell faster in Providence than the rest of Utah?

Accepted Answer

Yes, homes in Providence sell faster than the Utah average. The average days on market in Providence is 58 days, compared to 72 days statewide (18.7% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered warm.

Question 9

How have home prices changed in Providence over the past year?

Accepted Answer

Home prices in Providence, Utah have increased by 38.1% over the past year. The median sale price went from $420,000 to $580,000. This strong appreciation reflects growing demand in the area. Check the Providence market trends section above for detailed charts.

Question 10

Is the Providence housing market heating up or cooling down?

Accepted Answer

The Providence housing market is currently heating up, with prices up 38.1% year-over-year and days on market decreasing by 26.8%. The market temperature is rated "warm" based on current conditions. Providence’s median home price sits ~4 % above the Utah median, sells faster (58 vs 72 days) and at a higher sale‑to‑list ratio (106 % vs ~100 %), signaling a tighter market than the state overall. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Providence home prices this time last year?

Accepted Answer

In May 2025, the median home sale price in Providence, Utah was $420,000. Today, the median is $580,000, representing a change of +38.1% ($160,000 increase). During that same period, the average days on market went from 64 to 47 days.

Question 12

What is the current market outlook for Providence, Utah?

Accepted Answer

Providence’s residential market remains on the warm side of balanced. The median closed price of $539,900 is 4 % higher than the Utah average, and a striking 36 % month‑over‑month price jump reflects strong buyer demand. Homes are moving quickly, with an average of 58 days on market—18.5 % faster than the state—and buyers are paying 106.3 % of the list price, indicating competitive bidding. Single‑family homes dominate activity, with 22 sales and a median price of $552,400, while townhomes/condos are fewer but priced lower at $354,000.

Economically, the backdrop is stable but slightly less favorable for buyers. The 30‑year mortgage rate has risen from 6.24 % to 6.35 % over the past month, and the 15‑year rate is also edging up, which could temper price momentum. Unemployment remains low and unchanged (Utah 3.6 %, national ~4.3 %), and consumer sentiment has held steady, supporting continued demand. With limited inventory, strong sale‑to‑list ratios, and modestly rising rates, Providence is likely to stay warm in the near term, though the upward pressure on financing costs may begin to cool activity if rates continue to climb. The market temperature is rated "warm." Providence’s median home price sits ~4 % above the Utah median, sells faster (58 vs 72 days) and at a higher sale‑to‑list ratio (106 % vs ~100 %), signaling a tighter market than the state overall.

Question 13

What are the key highlights of the Providence housing market?

Accepted Answer

Key highlights of the Providence, Utah housing market include: Median price rose 36 % month‑over‑month, outpacing the modest state‑wide price growth.. Homes are selling above list (106.3 % of asking) and in under two months on average.. Inventory remains limited: only 26 closed sales versus 79 new listings in the past three months.. Mortgage rates have ticked up over the last 30 days (30‑yr now 6.35 %), adding pressure to affordability.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Providence, Utah?

Accepted Answer

Homes in Providence, Utah range from $224,900 to $2,400,000, with a median price of $539,900. The standard deviation is $374,298, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

What are the best schools in Providence, Utah?

Accepted Answer

Providence has 3 schools. The top-rated schools based on state performance scores include: Providence School (59.9% score), 719 students; Spring Creek Middle School (58.7% score), 869 students. School ratings are based on Utah State Board of Education achievement and growth metrics. Explore all Providence schools and nearby homes for sale on Propaired.

Question 16

How do Providence schools compare to the state average?

Accepted Answer

Of the 3 schools in Providence, 0 (0%) are rated as high-performing and 2 have strong academics indicators. Families should research individual school ratings on our Providence schools page for detailed performance breakdowns.

Question 17

Are there STEM or specialty schools in Providence?

Accepted Answer

Yes, Providence has 2 schools with STEM excellence indicators, including Providence School, Spring Creek Middle School. These schools demonstrate above-average performance in math, science, or both according to Utah state assessments.

Question 18

What is the internet quality in Providence, Utah?

Accepted Answer

Providence has an average broadband download speed of 4364 Mbps and 98% of homes have access to fiber internet. Top internet providers include Wi-Fiber Inc, Utah Telecommunication Open Infrastructure Agency, Google Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 14.3 provider options.

Question 19

Are single-family homes or condos a better investment in Providence?

Accepted Answer

In Providence, single-family homes have a median price of $552,400 (-9.4% YoY), while townhomes/condos are $354,000 (+1.2% YoY). SFRs sell in 36 days vs 20 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 20

What is the price per square foot in Providence?

Accepted Answer

The median price per square foot in Providence, Utah is $203. The average home size is 3,082 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 21

Is now a good time to buy a home in Providence, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.35% and Utah's unemployment rate is 3.6%, with Providence's market rated as "warm." Prices are rising at 38.1% year-over-year. Strong demand means well-priced homes move quickly — being pre-approved helps. Market timing depends on your personal financial situation and goals.

Question 22

When is the best time to buy a home in Providence?

Accepted Answer

Historically, May offers the most new listings in Providence, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

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