Is Concord Township, PA 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, PA
How much do homes in Concord Township, PA cost?
Median Sold Price
$650,000
$230/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 $650,000 in May 2024, up 4.8% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $137.5K | $158K | +14.9% |
2 Bedrooms | $415K | $410K | -1.2% |
3 Bedrooms | $552.5K | $627.5K | +13.6% |
4 Bedrooms | $660K | $743.7K | +12.7% |
5+ Bedrooms | $735K | $976.5K | +32.9% |
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 14.9%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 32.9%.
Median Sold Price Compared To Nearby Cities
Chadds Ford Township | $477.5K | $625K | +30.9% |
Concord Township | $619.9K | $650K | +4.8% |
Garnet Valley | $580K | $600K | +3.4% |
Bethel Township | $532K | $529.5K | -0.5% |
Thornton | $784K | $747.5K | -4.7% |
Housing Supply in Concord Township, PA
How many homes are available in Concord Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 42 | -2.3% |
Summary: The Concord Township real estate market had 42 homes for sale in May 2024, a 2.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 4 | 1 | -75.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 18 | 19 | +5.6% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Concord Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Concord Township in May 2024, down by 11.1% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Concord Township, PA
How long does it take to sell a home in Concord Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
10 Days | 20 Days | +94.7% |
Summary: Homes in Concord Township had an average of 20 days on market in May 2024, up by 94.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Concord Township; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.