$2,078 Closing Credit*
$175,000
1,344 SqFt
2 Beds
•2 Full Baths
Cassie Scramlin, Listing Office: Keller Williams Realty
Is Concord, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Concord was a Seller's Market.
Key Takeaway
Concord is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Concord, MI
How much do homes in Concord, MI cost?
Median Sold Price
$235,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$5,000(+2.2%)
Key Takeaway
Homes in Concord have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Concord was $235,000 in September 2024, up 2.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $182K | -20.9% |
| 2 Bedrooms | $187.7K | $165K | -12.1% |
| 3 Bedrooms | $207.5K | $235K | +13.3% |
| 4 Bedrooms | $249K | $322.5K | +29.5% |
| 5+ Bedrooms | $262.5K | $416K | +58.5% |
Summary: Concord housing prices by bedroom type for September 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 13.3%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 58.5%.
Median Sold Price Compared To Nearby Cities
| Concord | $230K | $235K | +2.2% |
| Concord Township | $230K | $235K | +2.2% |
Housing Supply in Concord, MI
How many homes are available in Concord, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 14 | 10 | -28.6% |
Summary: The Concord real estate market had 10 homes for sale in September 2024, a 28.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 9 | 7 | -22.2% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Concord housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Concord in September 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 59 Days | 67 Days | +12.6% |
Summary: Homes in Concord had an average of 67 days on market in Sep 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was 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 September 2024, 1 homes were sold in Concord; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
