Is Concord, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Concord has remained a Seller's Market.
Key Takeaway
Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord, NC
How much do homes in Concord, NC cost?
Median Sold Price
$374,495
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Concord have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Concord was $374,495 in April 2024, up 5.5% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $125.5K | $169.9K | +35.4% |
| 2 Bedrooms | $213.9K | $230K | +7.5% |
| 3 Bedrooms | $320K | $327.7K | +2.4% |
| 4 Bedrooms | $435K | $454K | +4.4% |
| 5+ Bedrooms | $550K | $592K | +7.6% |
Summary: Concord housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 7.6%.
Median Sold Price Compared To Nearby Cities
| Concord | $355.1K | $374.4K | +5.5% |
| Kannapolis | $289.6K | $295K | +1.8% |
| Harrisburg | $466K | $445.6K | -4.4% |
Housing Supply in Concord, NC
How many homes are available in Concord, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 432 | 484 | +12.0% |
Summary: The Concord real estate market had 484 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 43 | 49 | +14.0% |
| 3 Bedrooms | 211 | 234 | +10.9% |
| 4 Bedrooms | 114 | 130 | +14.0% |
| 5+ Bedrooms | 60 | 66 | +10.0% |
Summary: The Concord housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 116 | 115 | -0.9% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Concord in April 2024, down by 0.9% month-over-month. Of the 115 sold homes, 44% were sold under asking, 23% were sold at asking, and 33% were sold over asking.
Days on Market for Concord, NC
How long does it take to sell a home in Concord, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 28 Days | -39.5% |
Summary: Homes in Concord had an average of 28 days on market in Apr 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Concord are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 115 homes were sold in Concord; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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Copyright © 2024 Triad Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.