Is Concord Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Concord Township has remained a Seller's Market.
Housing Prices in Concord Township, NC
How much do homes in Concord Township, NC cost?
Median Sold Price
$370,295
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Concord Township was $370,295 in April 2024, up 8.6% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122K | $169.9K | +39.3% |
2 Bedrooms | $227K | $230K | +1.3% |
3 Bedrooms | $304K | $325.7K | +7.1% |
4 Bedrooms | $427.5K | $449.9K | +5.2% |
5+ Bedrooms | $550K | $592.5K | +7.7% |
Summary: Concord Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.3%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
Cedar Grove Township | $265K | $305K | +15.1% |
Emmons Township | $200K | $219.4K | +9.7% |
Concord Township | $340.9K | $370.2K | +8.6% |
Asheboro | $234.7K | $248.6K | +5.9% |
Tabernacle Township | $329K | $305K | -7.3% |
Housing Supply in Concord Township, NC
How many homes are available in Concord Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
426 | 472 | +10.8% |
Summary: The Concord Township real estate market had 472 homes for sale in April 2024, a 10.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 43 | 49 | +14.0% |
3 Bedrooms | 210 | 230 | +9.5% |
4 Bedrooms | 111 | 125 | +12.6% |
5+ Bedrooms | 58 | 63 | +8.6% |
Summary: The Concord Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
113 | 112 | -0.9% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Summary: A total of 112 homes were sold or pending in Concord Township in April 2024, down by 0.9% month-over-month. Of the 112 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
45 Days | 28 Days | -36.5% |
Summary: Homes in Concord Township had an average of 28 days on market in Apr 2024, down by 36.5% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 112 homes were sold in Concord Township; 66% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.