Is Concord, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Concord was a Seller's Market.
Key Takeaway
Concord is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Concord, VA
How much do homes in Concord, VA cost?
Median Sold Price
$287,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Concord have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in Concord was $287,000 in April 2024, up 16.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $268K | - | N/A |
| 2 Bedrooms | $167.5K | $212.5K | +26.9% |
| 3 Bedrooms | $250K | $289K | +15.6% |
| 4 Bedrooms | $299K | $349.9K | +17.0% |
| 5+ Bedrooms | $513.7K | $624.9K | +21.7% |
Summary: Concord housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in Concord, VA
How many homes are available in Concord, VA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 34 | +126.7% |
Summary: The Concord real estate market had 34 homes for sale in April 2024, a 126.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 6 | +100.0% |
| 3 Bedrooms | 7 | 17 | +142.9% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Concord housing inventory by bedroom type for April 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 142.9%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Concord in April 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Concord, VA
How long does it take to sell a home in Concord, VA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 10 Days | -51.4% |
Summary: Homes in Concord had an average of 10 days on market in Apr 2024, down by 51.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Concord are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Concord; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Although the Multiple Listing Service of The Roanoke Valley is the single source for these listings, listing data appearing on this web site does not necessarily reflect the entirety of all available listings within the Multiple Listing Service. All listing data is refreshed regularly, but its accuracy is subject to market changes.