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.
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
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
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
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.