Is Concord, MA 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.
Key Takeaway
Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord, MA
How much do homes in Concord, MA cost?
Median Sold Price
$1,377,000
$504/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Concord have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Concord was $1,377,000 in May 2024, up 4.9% from last year, and the median price per square foot was $504.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $680K | $500K | -26.5% |
| 2 Bedrooms | $602.5K | $632.5K | +5.0% |
| 3 Bedrooms | $1.0M | $1.1M | +4.4% |
| 4 Bedrooms | $1.4M | $1.5M | +9.2% |
| 5+ Bedrooms | $2.6M | $2.3M | -11.7% |
Summary: Concord housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.5%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes decreased by 11.7%.
Housing Supply in Concord, MA
How many homes are available in Concord, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 95 | +18.8% |
Summary: The Concord real estate market had 95 homes for sale in May 2024, a 18.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 29 | +61.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 58.6% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Concord in May 2024, up by 61.1% month-over-month. Of the 29 sold homes, 38% were sold under asking, 3% were sold at asking, and 59% were sold over asking.
Days on Market for Concord, MA
How long does it take to sell a home in Concord, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 75 Days | 36 Days | -51.9% |
Summary: Homes in Concord had an average of 36 days on market in May 2024, down by 51.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 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 May 2024, 29 homes were sold in Concord; 69% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
