Is Concord-Rock Creek, AL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concord-Rock Creek is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Concord-Rock Creek has remained a Seller's Market.

Key Takeaway

Concord-Rock Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Concord-Rock Creek, AL

How much do homes in Concord-Rock Creek, AL cost?

Median Sold Price

$191,250

$131/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$92,750(-32.7%)

Key Takeaway

Homes in Concord-Rock Creek have sold for 32.7% less than they did a month ago.

Summary: The median home sold price in Concord-Rock Creek was $191,250 in November 2024, down 32.7% from last month, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $306K$112K
-63.4%
3 $265K$195K
-26.4%
4 $317.5K$233.7K
-26.4%
5+ --
N/A

Summary: Concord-Rock Creek housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.4%, 3 bedroom homes decreased by 26.4%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pleasant Grove
+10.1%
Hueytown
-16.0%
Bessemer
-22.1%
Maytown-Sylvan Springs
-30.8%
Concord-Rock Creek
-32.7%

Housing Supply in Concord-Rock Creek, AL

How many homes are available in Concord-Rock Creek, AL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2325+8.7%

Summary: The Concord-Rock Creek real estate market had 25 homes for sale in November 2024, a 8.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1215
+25.0%
4 98
-11.1%
5+ 00
0.0%

Summary: The Concord-Rock Creek housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
660.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Concord-Rock Creek, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Concord-Rock Creek in November 2024, the same as the previous month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for Concord-Rock Creek, AL

How long does it take to sell a home in Concord-Rock Creek, AL?

Average Sale Time

Oct 2024Nov 2024CHANGE
36 Days53 Days+48.4%

Summary: Homes in Concord-Rock Creek had an average of 53 days on market in Nov 2024, up by 48.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Concord-Rock Creek are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 6 homes were sold in Concord-Rock Creek; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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