Is Concord, NH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, NH
How much do homes in Concord, NH cost?
Median Sold Price
$345,500
$258/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Concord have sold for 27.6% less than they did a month ago.
Summary: The median home sold price in Concord was $345,500 in May 2024, down 27.6% from last month, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $198.5K | N/A |
| 2 Bedrooms | $290K | $275K | -5.2% |
| 3 Bedrooms | $554.9K | $460.5K | -17.0% |
| 4 Bedrooms | $582.4K | $540K | -7.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Concord housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bow | $620K | $803.2K | +29.6% |
| Suncook | $380K | $463.4K | +22.0% |
| Pembroke | $421K | $493.4K | +17.2% |
| Concord | $477.5K | $345.5K | -27.6% |
| Contoocook | $700K | $488K | -30.3% |
Housing Supply in Concord, NH
How many homes are available in Concord, NH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 57 | 91 | +59.6% |
Summary: The Concord real estate market had 91 homes for sale in May 2024, a 59.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 16 | 33 | +106.3% |
| 3 Bedrooms | 24 | 34 | +41.7% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 106.3%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 34 | +183.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 67.6% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Concord in May 2024, up by 183.3% month-over-month. Of the 34 sold homes, 15% were sold under asking, 18% were sold at asking, and 68% were sold over asking.
Days on Market for Concord, NH
How long does it take to sell a home in Concord, NH?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Concord has remained consistent over time.
Summary: During May 2024, 34 homes were sold in Concord; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.