Is Concan, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concan is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Concan was a Neutral Market.

Key Takeaway

Concan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Concan, TX

How much do homes in Concan, TX cost?

Median Sold Price

$447,450

$258/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$2,550(-0.6%)

Key Takeaway

Homes in Concan have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Concan was $447,450 in May 2024, down 0.6% from last year, and the median price per square foot was $258.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $322.5K$487.2K
+51.1%
3 $467.5K$379.9K
-18.7%
4 $467.5K$532.5K
+13.9%
5+ $1.1M-
N/A

Summary: Concan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 51.1%, 3 bedroom homes decreased by 18.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes did not change.

Housing Supply in Concan, TX

How many homes are available in Concan, TX?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1821+16.7%

Summary: The Concan real estate market had 21 homes for sale in May 2024, a 16.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 11
0.0%
3 56
+20.0%
4 78
+14.3%
5+ 45
+25.0%

Summary: The Concan housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Concan, 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 Concan in May 2024, up by 100.0% 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 Concan, TX

How long does it take to sell a home in Concan, TX?

Average Sale Time

May 2023May 2024CHANGE
85 Days18 Days-78.8%

Summary: Homes in Concan had an average of 18 days on market in May 2024, down by 78.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Concan; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

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