$3,750,000
5,764 SqFt
5 Beds
•5 Full Baths, 1 Partial
#73317888, Barrett & Comeau Group, Listing Office: Barrett Sotheby's International Realty
Is Concord, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,386,000
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,000(-1.2%)
Key Takeaway
Homes in Concord have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Concord was $1,386,000 in November 2024, down 1.2% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $518.5K | $502.5K | -3.1% |
| 2 Bedrooms | $632.7K | $647.5K | +2.3% |
| 3 Bedrooms | $1.1M | $1.1M | +3.6% |
| 4 Bedrooms | $1.5M | $1.5M | +2.6% |
| 5+ Bedrooms | $2.4M | $2.3M | -5.8% |
Summary: Concord housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes decreased by 5.8%.
Housing Supply in Concord, MA
How many homes are available in Concord, MA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 55 | -25.7% |
Summary: The Concord real estate market had 55 homes for sale in November 2024, a 25.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 23 | 13 | -43.5% |
| 5+ Bedrooms | 25 | 23 | -8.0% |
Summary: The Concord housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Concord in November 2024, up by 7.1% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 43 Days | +119.1% |
Summary: Homes in Concord had an average of 43 days on market in Nov 2024, up by 119.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were 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 November 2024, 15 homes were sold in Concord; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
