Is Concord Township, NC 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 Township has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | $169.9K | +39.3% |
2 Bedrooms | $227K | $230K | +1.3% |
3 Bedrooms | $306K | $330K | +7.8% |
4 Bedrooms | $425K | $455.9K | +7.3% |
5+ Bedrooms | $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 | $270K | $300K | +11.1% |
Emmons Township | $200K | $221.3K | +10.7% |
Concord Township | $344.8K | $373.6K | +8.3% |
Asheboro | $237.2K | $245K | +3.3% |
Tabernacle Township | $329K | $311K | -5.5% |
Housing Supply in Concord Township, NC
How many homes are available in Concord Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
488 | 537 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 50 | 51 | +2.0% |
3 Bedrooms | 243 | 260 | +7.0% |
4 Bedrooms | 125 | 147 | +17.6% |
5+ Bedrooms | 65 | 76 | +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 2024 | May 2024 | CHANGE |
---|---|---|
119 | 129 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 22 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
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.