Is Concord Township, 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 Township has remained a Seller's Market.
Key Takeaway
Concord Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord Township, NC
How much do homes in Concord Township, NC cost?
Median Sold Price
$367,370
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Concord Township have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Concord Township was $367,370 in March 2024, up 5.3% 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 | $122K | $169.9K | +39.3% |
| 2 Bedrooms | $227K | $228K | 0.4% |
| 3 Bedrooms | $310K | $324.8K | +4.8% |
| 4 Bedrooms | $430K | $443.7K | +3.2% |
| 5+ Bedrooms | $550K | $589K | +7.1% |
Summary: Concord Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Asheboro | $212K | $247.2K | +16.6% |
| Cedar Grove Township | $262.7K | $297.9K | +13.4% |
| Emmons Township | $200K | $219.4K | +9.7% |
| Concord Township | $348.7K | $367.3K | +5.3% |
| Tabernacle Township | $308.4K | $305K | -1.1% |
Housing Supply in Concord Township, NC
How many homes are available in Concord Township, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 375 | 424 | +13.1% |
Summary: The Concord Township real estate market had 424 homes for sale in March 2024, a 13.1% 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 | 193 | 207 | +7.3% |
| 4 Bedrooms | 91 | 108 | +18.7% |
| 5+ Bedrooms | 49 | 60 | +22.4% |
Summary: The Concord Township 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 7.3%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 22.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 90 | 106 | +17.8% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord Township, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 106 homes were sold or pending in Concord Township in March 2024, up by 17.8% month-over-month. Of the 106 sold homes, 43% were sold under asking, 27% were sold at asking, and 29% were sold over asking.
Days on Market for Concord Township, NC
How long does it take to sell a home in Concord Township, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 27 Days | -39.1% |
Summary: Homes in Concord Township had an average of 27 days on market in Mar 2024, down by 39.1% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Concord Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 106 homes were sold in Concord Township; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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