Is Concord Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concord Township is a seller's market

Buyer's
Market

Difference Since October 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, PA

How much do homes in Concord Township, PA cost?

Median Sold Price

$690,000

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$51,500(+8.1%)

Key Takeaway

Homes in Concord Township have sold for 8.1% more than they did a year ago.

Summary: The median home sold price in Concord Township was $690,000 in October 2024, up 8.1% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $142.5K$180K
+26.3%
2 $425K$417.4K
-1.8%
3 $575K$627.5K
+9.1%
4 $725K$750K
+3.4%
5+ $725K$856.1K
+18.1%

Summary: Concord Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes decreased by 1.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 18.1%.

Median Sold Price Compared To Nearby Cities

Bethel Township
+10.5%
Garnet Valley
+10.3%
Concord Township
+8.1%
Chadds Ford Township
+6.7%

Housing Supply in Concord Township, PA

How many homes are available in Concord Township, PA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4244+4.8%

Summary: The Concord Township real estate market had 44 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 128
-33.3%
4 1520
+33.3%
5+ 99
0.0%

Summary: The Concord Township 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 16.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1115+36.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Concord Township, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Concord Township in October 2024, up by 36.4% month-over-month. Of the 15 sold homes, 47% were sold under asking, 13% were sold at asking, and 40% were sold over asking.

Days on Market for Concord Township, PA

How long does it take to sell a home in Concord Township, PA?

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days27 Days+71.3%

Summary: Homes in Concord Township had an average of 27 days on market in Oct 2024, up by 71.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Concord Township are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in Concord Township; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% 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 2 Days Ago

Newest Listings in Concord Township, PA

Nearby Markets to Concord Township, PA

What housing markets are near Concord Township, PA?