Is Concord, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Concord has remained a Seller's Market.
Housing Prices in Concord, CA
How much do homes in Concord, CA cost?
Median Sold Price
$763,375
$506/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Concord was $763,375 in May 2024, up 3.2% from last year, and the median price per square foot was $506.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.5K | $305K | +1.8% |
2 Bedrooms | $425K | $437K | +2.8% |
3 Bedrooms | $739.5K | $760K | +2.8% |
4 Bedrooms | $875K | $910K | +4.0% |
5+ Bedrooms | $1.1M | $1.1M | -3.4% |
Summary: Concord housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Cities
Walnut Creek | $829.2K | $878.2K | +5.9% |
Clayton | $1.0M | $1.1M | +4.8% |
Pleasant Hill | $967K | $1.0M | +3.6% |
Concord | $739.4K | $763.3K | +3.2% |
Central Contra Costa | $979.5K | $1.0M | +2.1% |
Housing Supply in Concord, CA
How many homes are available in Concord, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
264 | 328 | +24.2% |
Summary: The Concord real estate market had 328 homes for sale in May 2024, a 24.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 18 | +20.0% |
2 Bedrooms | 60 | 73 | +21.7% |
3 Bedrooms | 100 | 121 | +21.0% |
4 Bedrooms | 72 | 101 | +40.3% |
5+ Bedrooms | 17 | 15 | -11.8% |
Summary: The Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 40.3%, and 5+ bedroom homes decreased by 11.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 114 | +40.7% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
63 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Concord in May 2024, up by 40.7% month-over-month. Of the 109 sold homes, 27% were sold under asking, 16% were sold at asking, and 58% were sold over asking.
Days on Market for Concord, CA
How long does it take to sell a home in Concord, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 16 Days | +22.7% |
Summary: Homes in Concord had an average of 16 days on market in May 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 114 homes were sold in Concord; 80% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.