Is Concord, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Concord was a Neutral Market.
Housing Prices in Concord, NY
How much do homes in Concord, NY cost?
Median Sold Price
$267,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Concord was $267,500 in May 2024, up 18.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $161K | $287.5K | +78.6% |
3 Bedrooms | $280K | $241K | -13.9% |
4 Bedrooms | $319.5K | $296.2K | -7.3% |
5+ Bedrooms | $195K | $299K | +53.3% |
Summary: Concord 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 78.6%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 53.3%.
Median Sold Price Compared To Nearby Cities
Springville | $195K | $237.5K | +21.8% |
Concord | $225.5K | $267.5K | +18.6% |
Housing Supply in Concord, NY
How many homes are available in Concord, NY?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 23 | -14.8% |
Summary: The Concord real estate market had 23 homes for sale in May 2024, a 14.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 13 | 11 | -15.4% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Concord housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 5 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Concord in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Concord, NY
How long does it take to sell a home in Concord, NY?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 17 Days | -38.6% |
Summary: Homes in Concord had an average of 17 days on market in May 2024, down by 38.6% 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
Summary: During May 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.