The Providence housing market is somewhat competitive. The median sale price of a home in Providence was $350K last month, down 26.3% since last year. The median sale price per square foot in Providence is $161, up 4.5% since last year.
What is the housing market like in Providence today?
In May 2025, Providence home prices were down 26.3% compared to last year, selling for a median price of $350K. On average, homes in Providence sell after 35 days on the market compared to 62 days last year. There were 9 homes sold in May this year, up from 9 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$350,000
-26.3% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Providence, IL
$350,000
-26.3%
United States
To compare other locations to the Providence and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Elgin add value to a home.
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How hot is the Providence housing market?
Providence is somewhat competitive. Homes sell in 45 days.
0
100
60
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 45 days.
Hot homes
can sell for around list price and go pending in around 29 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Providence housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Providence.
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Providence has a minor risk of flooding. 53 properties in Providence are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Providence. Flood risk is increasing slower than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Providence has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Providence is most at risk from hurricanes. 887 properties in Providence have some risk of being in a severe wind event within the next 30 years.