Is Concord, NC 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.
Housing Prices in Concord, NC
How much do homes in Concord, NC cost?
Median Sold Price
$369,169
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Concord was $369,169 in March 2024, up 3.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $125.5K | $169.9K | +35.4% |
2 Bedrooms | $213.9K | $228K | +6.6% |
3 Bedrooms | $323.5K | $325K | 0.4% |
4 Bedrooms | $440.5K | $445K | +1.0% |
5+ Bedrooms | $550K | $583.5K | +6.1% |
Summary: Concord housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.4%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Concord | $358K | $369.1K | +3.1% |
Kannapolis | $288.9K | $297K | +2.8% |
Harrisburg | $465K | $441.6K | -5.0% |
Housing Supply in Concord, NC
How many homes are available in Concord, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
380 | 429 | +12.9% |
Summary: The Concord real estate market had 429 homes for sale in March 2024, a 12.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 40 | 45 | +12.5% |
3 Bedrooms | 192 | 208 | +8.3% |
4 Bedrooms | 94 | 110 | +17.0% |
5+ Bedrooms | 52 | 62 | +19.2% |
Summary: The Concord housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 19.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
91 | 108 | +18.7% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Concord in March 2024, up by 18.7% month-over-month. Of the 108 sold homes, 44% were sold under asking, 27% were sold at asking, and 29% were sold over asking.
Days on Market for Concord, NC
How long does it take to sell a home in Concord, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 28 Days | -38.6% |
Summary: Homes in Concord had an average of 28 days on market in Mar 2024, down by 38.6% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 108 homes were sold in Concord; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.