Is Concord, CA 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.
Key Takeaway
Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord, CA
How much do homes in Concord, CA cost?
Median Sold Price
$763,375
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Concord have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Concord was $763,375 in May 2024, up 3.2% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299.5K | $305K | +1.8% |
| 2 Bedrooms | $425K | $437K | +2.8% |
| 3 Bedrooms | $739.5K | $760K | +2.8% |
| 4 Bedrooms | $875K | $910K | +4.0% |
| 5+ Bedrooms | $1.1M | $1.1M | -3.4% |
Summary: Concord housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
| Walnut Creek | $829.2K | $878.2K | +5.9% |
| Clayton | $1.0M | $1.1M | +4.8% |
| Pleasant Hill | $967K | $1.0M | +3.6% |
| Concord | $739.4K | $763.3K | +3.2% |
| Central Contra Costa | $979.5K | $1.0M | +2.1% |
Housing Supply in Concord, CA
How many homes are available in Concord, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 264 | 328 | +24.2% |
Summary: The Concord real estate market had 328 homes for sale in May 2024, a 24.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 18 | +20.0% |
| 2 Bedrooms | 60 | 73 | +21.7% |
| 3 Bedrooms | 100 | 121 | +21.0% |
| 4 Bedrooms | 72 | 101 | +40.3% |
| 5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 81 | 114 | +40.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 57.8% of homes here sold above asking price last month.
Summary: A total of 114 homes were sold or pending in Concord in May 2024, up by 40.7% month-over-month. Of the 109 sold homes, 27% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for Concord, CA
How long does it take to sell a home in Concord, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 16 Days | +22.7% |
Summary: Homes in Concord had an average of 16 days on market in May 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Concord are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 114 homes were sold in Concord; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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