Is East Concord, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Concord is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, East Concord has remained a Seller's Market.

Key Takeaway

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

Housing Prices in East Concord, CA

How much do homes in East Concord, CA cost?

Median Sold Price

$862,500

$504/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,500(+2.7%)

Key Takeaway

Homes in East Concord have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in East Concord was $862,500 in October 2024, up 2.7% from last year, and the median price per square foot was $504.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K$287K
+4.4%
2 $455K$450K
-1.1%
3 $818K$824K
+0.7%
4 $885K$925K
+4.5%
5+ $872.5K$1.0M
+21.2%

Summary: East Concord housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.4%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 21.2%.

Housing Supply in East Concord, CA

How many homes are available in East Concord, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3328-15.2%

Summary: The East Concord real estate market had 28 homes for sale in October 2024, a 15.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1412
-14.3%
4 1410
-28.6%
5+ 11
0.0%

Summary: The East Concord housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Concord, you could pay more than the asking price. 70% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in East Concord in October 2024, down by 8.3% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.

Days on Market for East Concord, CA

How long does it take to sell a home in East Concord, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days21 Days-6.6%

Summary: Homes in East Concord had an average of 21 days on market in Oct 2024, down by 6.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in East Concord; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% 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 16 Days Ago

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