Is Concord Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concord Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Concord Township has remained a Seller's Market.

Key Takeaway

Concord Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Concord Township, NC

How much do homes in Concord Township, NC cost?

Median Sold Price

$373,626

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,772(+8.3%)

Key Takeaway

Homes in Concord Township have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Concord Township was $373,626 in May 2024, up 8.3% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $122K$169.9K
+39.3%
2 $227K$230K
+1.3%
3 $306K$330K
+7.8%
4 $425K$455.9K
+7.3%
5+ $531.5K$597K
+12.3%

Summary: Concord Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 12.3%.

Median Sold Price Compared To Nearby Cities

Cedar Grove Township
+11.1%
Emmons Township
+10.7%
Concord Township
+8.3%
Asheboro
+3.3%
Tabernacle Township
-5.5%

Housing Supply in Concord Township, NC

How many homes are available in Concord Township, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
488537+10.0%

Summary: The Concord Township real estate market had 537 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 53
-40.0%
2 5051
+2.0%
3 243260
+7.0%
4 125147
+17.6%
5+ 6576
+16.9%

Summary: The Concord Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 16.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
119129+8.4%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Concord Township, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 129 homes were sold or pending in Concord Township in May 2024, up by 8.4% month-over-month. Of the 129 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.

Days on Market for Concord Township, NC

How long does it take to sell a home in Concord Township, NC?

Average Sale Time

May 2023May 2024CHANGE
33 Days22 Days-32.3%

Summary: Homes in Concord Township had an average of 22 days on market in May 2024, down by 32.3% compared to last year.

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Concord Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 129 homes were sold in Concord Township; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Concord Township, NC

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