Is Concord, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$757,400
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Concord has remained the same since last year.
Summary: The median home sold price in Concord was $757,400 in March 2024, the same as last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $307K | -1.0% |
| 2 Bedrooms | $425.5K | $443.5K | +4.2% |
| 3 Bedrooms | $759K | $753.2K | -0.8% |
| 4 Bedrooms | $900K | $900K | 0.0% |
| 5+ Bedrooms | $1.2M | $1.1M | -4.3% |
Summary: Concord housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Clayton | $1.0M | $1.1M | +2.3% |
| Walnut Creek | $850K | $862.1K | +1.4% |
| Concord | $757.2K | $757.4K | 0.0% |
| Central Contra Costa | $1.0M | $983.6K | -1.7% |
| Pleasant Hill | $995.8K | $977.5K | -1.8% |
Housing Supply in Concord, CA
How many homes are available in Concord, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 196 | 224 | +14.3% |
Summary: The Concord real estate market had 224 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 15 | -6.3% |
| 2 Bedrooms | 40 | 55 | +37.5% |
| 3 Bedrooms | 75 | 83 | +10.7% |
| 4 Bedrooms | 45 | 51 | +13.3% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Concord housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 73 | +1.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
47 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 69.1% of homes here sold above asking price last month.
Summary: A total of 73 homes were sold or pending in Concord in March 2024, up by 1.4% month-over-month. Of the 68 sold homes, 19% were sold under asking, 12% were sold at asking, and 69% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 Days | -36.9% |
Summary: Homes in Concord had an average of 13 days on market in Mar 2024, down by 36.9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Concord are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 73 homes were sold in Concord; 85% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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