Is New Concord, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Concord is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, New Concord has remained a Seller's Market.

Key Takeaway

New Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Concord, OH

How much do homes in New Concord, OH cost?

Median Sold Price

$241,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,500(+11.3%)

Key Takeaway

Homes in New Concord have sold for 11.3% more than they did a year ago.

Summary: The median home sold price in New Concord was $241,000 in October 2024, up 11.3% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$275K
N/A
2 $199.9K$265K
+32.5%
3 $218K$212.1K
-2.7%
4 $285K$269.9K
-5.3%
5+ $169K$469.9K
+178.0%

Summary: New Concord housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.5%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 178%.

Median Sold Price Compared To Nearby Cities

Union Township
+22.2%
New Concord
+11.3%

Housing Supply in New Concord, OH

How many homes are available in New Concord, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1921+10.5%

Summary: The New Concord real estate market had 21 homes for sale in October 2024, a 10.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 78
+14.3%
4 99
0.0%
5+ 33
0.0%

Summary: The New Concord housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Concord, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in New Concord in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for New Concord, OH

How long does it take to sell a home in New Concord, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days82 Days+154.6%

Summary: Homes in New Concord had an average of 82 days on market in Oct 2024, up by 154.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in New Concord are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in New Concord; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in New Concord, OH

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