Is Concord Township, NC 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 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
$367,592
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Concord Township was $367,592 in May 2024, up 9.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $139.5K | $169.9K | +21.8% |
2 Bedrooms | $227K | $228K | 0.4% |
3 Bedrooms | $305K | $325.6K | +6.8% |
4 Bedrooms | $420K | $455.2K | +8.4% |
5+ Bedrooms | $531.5K | $597K | +12.3% |
Summary: Concord Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 12.3%.
Median Sold Price Compared To Nearby Cities
Concord Township | $335.2K | $367.5K | +9.7% |
Bethany Township | $280.5K | $300.1K | +7.0% |
Shiloh Township | $279.1K | $290K | +3.9% |
Stony Point | $241.5K | $223K | -7.7% |
Housing Supply in Concord Township, NC
How many homes are available in Concord Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
517 | 568 | +9.9% |
Summary: The Concord Township real estate market had 568 homes for sale in May 2024, a 9.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 52 | 53 | +1.9% |
3 Bedrooms | 265 | 283 | +6.8% |
4 Bedrooms | 130 | 153 | +17.7% |
5+ Bedrooms | 65 | 76 | +16.9% |
Summary: The Concord Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 137 | +10.5% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Concord Township in May 2024, up by 10.5% month-over-month. Of the 137 sold homes, 46% were sold under asking, 31% were sold at asking, and 23% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 24 Days | -26.8% |
Summary: Homes in Concord Township had an average of 24 days on market in May 2024, down by 26.8% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 137 homes were sold in Concord Township; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.