$10,000 Closing Credit*
$1,049,000
1,977 SqFt
4 Beds
•2 Full Baths
#73313841, Hongyan Sun, Listing Office: Stonebridge Realty
Is Concord, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Concord was a Seller's Market.
Key Takeaway
Concord is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Concord, MA
How much do homes in Concord, MA cost?
Median Sold Price
$1,377,000
$522/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,000(-1.6%)
Key Takeaway
Homes in Concord have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Concord was $1,377,000 in October 2024, down 1.6% from last year, and the median price per square foot was $522.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $500K | -6.5% |
| 2 Bedrooms | $630K | $632.5K | 0.4% |
| 3 Bedrooms | $1.1M | $1.1M | +3.4% |
| 4 Bedrooms | $1.4M | $1.4M | +1.5% |
| 5+ Bedrooms | $2.5M | $2.3M | -7.3% |
Summary: Concord housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.5%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 7.3%.
Housing Supply in Concord, MA
How many homes are available in Concord, MA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 69 | 75 | +8.7% |
Summary: The Concord real estate market had 75 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The 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 remained the same, 3 bedroom homes increased by 58.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Concord in October 2024, up by 20.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 8% were sold at asking, and 50% were sold over asking.
Days on Market for Concord, MA
How long does it take to sell a home in Concord, MA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 55 Days | 35 Days | -35.4% |
Summary: Homes in Concord had an average of 35 days on market in Oct 2024, down by 35.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Concord are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Concord; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
