Is Concord, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concord is a 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

+$23,911(+3.2%)

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

# BEDSMay 2023May 2024CHANGE
1 $299.5K$305K
+1.8%
2 $425K$437K
+2.8%
3 $739.5K$760K
+2.8%
4 $875K$910K
+4.0%
5+ $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
+5.9%
Clayton
+4.8%
Pleasant Hill
+3.6%
Concord
+3.2%
Central Contra Costa
+2.1%

Housing Supply in Concord, CA

How many homes are available in Concord, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
264328+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

# BEDSApr 2024May 2024CHANGE
1 1518
+20.0%
2 6073
+21.7%
3 100121
+21.0%
4 72101
+40.3%
5+ 1715
-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 2024May 2024CHANGE
81114+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

Asking vs Sold - buyer

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 2023May 2024CHANGE
13 Days16 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

Breakdown of Home Sale Times

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.

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

Report Updated 19 Days Ago

Newest Listings in Concord, CA

Nearby Markets to Concord, CA

What housing markets are near Concord, CA?