Is Concord, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Concord has remained a Seller's Market.
Housing Prices in Concord, MI
How much do homes in Concord, MI cost?
Median Sold Price
$230,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Concord was $230,000 in May 2024, up 8% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | $182K | -20.9% |
2 Bedrooms | $224.5K | $175K | -22.0% |
3 Bedrooms | $169K | $240K | +42.0% |
4 Bedrooms | $249K | $244K | -2.0% |
5+ Bedrooms | $432K | $262.5K | -39.2% |
Summary: Concord housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes decreased by 22%, 3 bedroom homes increased by 42%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 39.2%.
Median Sold Price Compared To Nearby Cities
Concord | $213K | $230K | +8.0% |
Concord Township | $224.5K | $222.9K | -0.7% |
Housing Supply in Concord, MI
How many homes are available in Concord, MI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 11 | +83.3% |
Summary: The Concord real estate market had 11 homes for sale in May 2024, a 83.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 3 | 6 | +100.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Concord in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Concord, MI
How long does it take to sell a home in Concord, MI?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 70 Days | +45.8% |
Summary: Homes in Concord had an average of 70 days on market in May 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Concord; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.