$3,739 Closing Credit*
$314,900
1,391 SqFt
3 Beds
•2 Full Baths
EDWARD J KERLEY, Listing Office: EXIT REALTY 1ST LLC
Is Concord, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Concord has remained a Seller's Market.
Key Takeaway
Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Concord, MI
How much do homes in Concord, MI cost?
Median Sold Price
$232,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,500(-2.7%)
Key Takeaway
Homes in Concord have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Concord was $232,500 in October 2024, down 2.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $182K | -20.9% |
| 2 Bedrooms | $187.7K | $165K | -12.1% |
| 3 Bedrooms | $231.4K | $232.5K | 0.5% |
| 4 Bedrooms | $249K | $322.5K | +29.5% |
| 5+ Bedrooms | $262.5K | $365.5K | +39.2% |
Summary: Concord housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.9%, 2 bedroom homes decreased by 12.1%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 39.2%.
Median Sold Price Compared To Nearby Cities
| Concord | $239K | $232.5K | -2.7% |
| Concord Township | $239K | $230K | -3.8% |
Housing Supply in Concord, MI
How many homes are available in Concord, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Concord real estate market had 12 homes for sale in October 2024, a 20.0% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 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 increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Concord in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Concord, MI
How long does it take to sell a home in Concord, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 52 Days | +293.7% |
Summary: Homes in Concord had an average of 52 days on market in Oct 2024, up by 293.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Concord has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Concord; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
