Is Concord-Rock Creek, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Concord-Rock Creek was a Buyer's Market.
Key Takeaway
Concord-Rock Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord-Rock Creek, AL
How much do homes in Concord-Rock Creek, AL cost?
Median Sold Price
$330,000
$120/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Concord-Rock Creek have sold for 70.1% more than they did a month ago.
Summary: The median home sold price in Concord-Rock Creek was $330,000 in April 2024, up 70.1% from last month, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $119K | N/A |
| 3 Bedrooms | $194K | $309.9K | +59.8% |
| 4 Bedrooms | - | $365K | N/A |
| 5+ Bedrooms | - | $445K | N/A |
Summary: Concord-Rock Creek housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 59.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Concord-Rock Creek | $194K | $330K | +70.1% |
| Pleasant Grove | $225K | $212.5K | -5.6% |
Housing Supply in Concord-Rock Creek, AL
How many homes are available in Concord-Rock Creek, AL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Summary: The Concord-Rock Creek real estate market had 18 homes for sale in April 2024, a 63.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 13 | +85.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Concord-Rock Creek housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 85.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord-Rock Creek, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Concord-Rock Creek in April 2024, up by 400.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Concord-Rock Creek, AL
How long does it take to sell a home in Concord-Rock Creek, AL?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 Days | 76 Days | +16.9% |
Summary: Homes in Concord-Rock Creek had an average of 76 days on market in Apr 2024, up by 16.9% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Concord-Rock Creek are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Concord-Rock Creek; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
