$2,374 Closing Credit*
$199,900
960 SqFt
3 Beds
•1 Full Bath
Gloria Leonard, Listing Office: Howard Hanna Real Estate Services-Adrian
Is Concord, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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, MI
How much do homes in Concord, MI cost?
Median Sold Price
$232,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$2,500(+1.1%)
Key Takeaway
Homes in Concord have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Concord was $232,500 in August 2024, up 1.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $182K | -20.9% |
| 2 Bedrooms | $187.7K | $165K | -12.1% |
| 3 Bedrooms | $170K | $235K | +38.2% |
| 4 Bedrooms | $249K | $322.5K | +29.5% |
| 5+ Bedrooms | $262.5K | $416K | +58.5% |
Summary: Concord housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 58.5%.
Median Sold Price Compared To Nearby Cities
| Concord | $230K | $232.5K | +1.1% |
| Concord Township | $234.5K | $235K | 0.2% |
Housing Supply in Concord, MI
How many homes are available in Concord, MI?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Concord real estate market had 14 homes for sale in August 2024, a 7.7% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Concord housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Concord in August 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Concord, MI
How long does it take to sell a home in Concord, MI?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 56 Days | 41 Days | -27.4% |
Summary: Homes in Concord had an average of 41 days on market in Aug 2024, down by 27.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Concord has remained consistent over time.
Summary: During August 2024, 5 homes were sold in Concord; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
