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 July 2026, the median home price in Providence, Utah is $500,000, which is 4.8% below the Utah state median of $525,000. Home prices in Providence range from $224,900 to $2,400,000, with an average sale price of $536,939. 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 cooling market that is shifting toward buyers. Key indicators include an average sale-to-list price ratio of 98.9% and homes spending an average of 59 days on the market. Providence’s median home price of $500K is roughly 5% below the Utah median of $525K, with slightly faster sales (59 days vs 61 state) and a higher sale‑to‑list ratio.

Question 3

How long do homes stay on the market in Providence?

Accepted Answer

Homes in Providence, Utah spend an average of 59 days on the market before going under contract compared to the Utah state average of 61 days (2.6% 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 July 2026, there are 55 active homes for sale in Providence, Utah with 70 new listings added recently. In the most recent reporting period, 36 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 70 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 $500,000.

Question 6

How does Providence compare to the Utah state average?

Accepted Answer

Providence home prices are 4.8% below the Utah state median of $525,000, with a local median of $500,000. Homes sell faster than the state average — 59 days in Providence vs 61 days statewide (2.6% below average). The sale-to-list ratio is 98.9% locally vs 99.0% statewide.

Question 7

Are homes in Providence more expensive than the Utah average?

Accepted Answer

No, homes in Providence are more affordable than the Utah state average. The median home price in Providence is $500,000, compared to the statewide median of $525,000 — a difference of $25,000 (-4.8%). This makes Providence an attractive option for buyers seeking value in Utah.

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 59 days, compared to 61 days statewide (2.6% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered cooling.

Question 9

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

Accepted Answer

Home prices in Providence, Utah have increased by 2.2% over the past year. The median sale price went from $455,000 to $465,000. This moderate appreciation is consistent with steady market fundamentals. 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 2.2% year-over-year and days on market decreasing by 26.7%. The market temperature is rated "cooling" based on current conditions. Providence’s median home price of $500K is roughly 5% below the Utah median of $525K, with slightly faster sales (59 days vs 61 state) and a higher sale‑to‑list ratio. 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 June 2025, the median home sale price in Providence, Utah was $455,000. Today, the median is $465,000, representing a change of +2.2% ($10,000 increase). During that same period, the average days on market went from 86 to 63 days.

Question 12

What is the current market outlook for Providence, Utah?

Accepted Answer

Providence’s housing market is entering a cooling phase. Prices have dropped sharply, with a 10.1% month‑over‑month decline that pushed the median close price to $500,000—about 4.8% below the Utah average. The surge in new listings (70) compared with modest closed sales (36) has expanded inventory, while days on market have edged slightly lower than the state average (59 vs 61 days), suggesting homes are still moving but at a slower price pace. The high sale‑to‑list ratio of 98.9% shows buyers remain motivated, especially for single‑family homes that posted a modest 2.5% YoY price increase, whereas townhomes and condos are seeing modest declines.

On the macro side, mortgage rates have been on an upward trajectory over the past six months, climbing from 6.11% in January to 6.46% in July, consistent with recent news of sharp rate hikes and a cooling of pending sales statewide. Unemployment remains stable (Utah 3.6%, US ~4.2%), and consumer sentiment is flat, so the primary headwind for buyers is financing cost. With rates higher and inventory plentiful, buyers in Providence can negotiate better terms and benefit from slightly faster sales cycles, but should be prepared for higher monthly payments if they lock in current rates. The market temperature is rated "cooling." Providence’s median home price of $500K is roughly 5% below the Utah median of $525K, with slightly faster sales (59 days vs 61 state) and a higher sale‑to‑list ratio.

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 fell 10.1% month‑over‑month, pulling the city 4.8% under the state median.. Inventory is ample: 70 new listings versus only 36 closed transactions in the past three months.. Mortgage rates have been climbing, reaching 6.46% for a 30‑year loan in July, adding about $100 to a $400K mortgage payment.. Single‑family homes remain strong YoY (+2.5% at $517K), while townhomes/condos slipped 4.3% YoY to $330K.. Sale‑to‑list ratio stays high at 98.9%, indicating buyers are still willing to meet asking prices despite price declines.. 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 $500,000. The standard deviation is $355,629, 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 $517,000 (+2.5% YoY), while townhomes/condos are $330,000 (-4.3% YoY). SFRs sell in 41 days vs 52 days for condos. Single-family homes are appreciating faster. 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 $200. The average home size is 2,779 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 6.46% and Utah's unemployment rate is 3.6%, with Providence's market rated as "cooling." Prices are rising at 2.2% year-over-year. Current conditions may favor buyers with more negotiating room. 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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