$2,607 Closing Credit*
$219,500
3 Beds
•2 Full Baths
Listing Office: Julie M Walck, Broker
Is Concord, MO 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, MO
How much do homes in Concord, MO cost?
Median Sold Price
$320,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+4.9%)
Key Takeaway
Homes in Concord have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Concord was $320,000 in October 2024, up 4.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $140K | N/A |
| 2 Bedrooms | $243K | $240K | -1.2% |
| 3 Bedrooms | $298K | $315K | +5.7% |
| 4 Bedrooms | $358.5K | $384K | +7.1% |
| 5+ Bedrooms | $400K | $460K | +15.0% |
Summary: Concord housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Neighborhoods
| Sappington | $264K | $290K | +9.8% |
| Affton | $226K | $240K | +6.2% |
| South County | $259.9K | $274.9K | +5.8% |
| Concord | $305K | $320K | +4.9% |
| Mehlville | $235K | $234.9K | 0% |
Housing Supply in Concord, MO
How many homes are available in Concord, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 63 | -6.0% |
Summary: The Concord real estate market had 63 homes for sale in October 2024, a 6.0% decrease 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 | 12 | 11 | -8.3% |
| 3 Bedrooms | 39 | 37 | -5.1% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
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 decreased by 8.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 23 | +21.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 43.5% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Concord in October 2024, up by 21.1% month-over-month. Of the 23 sold homes, 35% were sold under asking, 22% were sold at asking, and 43% were sold over asking.
Days on Market for Concord, MO
How long does it take to sell a home in Concord, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 12 Days | -11.1% |
Summary: Homes in Concord had an average of 12 days on market in Oct 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 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, 23 homes were sold in Concord; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.