Is Concord, MA 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, MA
How much do homes in Concord, MA cost?
Median Sold Price
$1,377,000
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Concord have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Concord was $1,377,000 in March 2024, up 0.5% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $530K | $501K | -5.5% |
| 2 Bedrooms | $574K | $648.2K | +12.9% |
| 3 Bedrooms | $1.0M | $1.0M | +3.8% |
| 4 Bedrooms | $1.4M | $1.5M | +4.2% |
| 5+ Bedrooms | $2.2M | $2.4M | +7.9% |
Summary: Concord housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.5%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 7.9%.
Housing Supply in Concord, MA
How many homes are available in Concord, MA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 71 | +18.3% |
Summary: The Concord real estate market had 71 homes for sale in March 2024, a 18.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 11 | 12 | +9.1% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 19 | 29 | +52.6% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Concord housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 20 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 65% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Concord in March 2024, up by 150.0% month-over-month. Of the 20 sold homes, 25% were sold under asking, 10% were sold at asking, and 65% were sold over asking.
Days on Market for Concord, MA
How long does it take to sell a home in Concord, MA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 29 Days | -48.1% |
Summary: Homes in Concord had an average of 29 days on market in Mar 2024, down by 48.1% compared to last year.
Breakdown of Home Sale Times
17 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 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Concord; 85% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
