$4,393 Closing Credit*
$369,900
1,837 SqFt
3 Beds
•2 Full Baths
Listing Office: Keller Williams South Park
Is Concord, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, NC
How much do homes in Concord, NC cost?
Median Sold Price
$380,553
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,308(+5.6%)
Key Takeaway
Homes in Concord have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Concord was $380,553 in November 2024, up 5.6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $207.5K | +33.9% |
| 2 Bedrooms | $220K | $235K | +6.8% |
| 3 Bedrooms | $320K | $338.3K | +5.7% |
| 4 Bedrooms | $430K | $459.6K | +6.9% |
| 5+ Bedrooms | $554.5K | $610K | +10.0% |
Summary: Concord housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Cities
| Harrisburg | $429.7K | $468.5K | +9.0% |
| Concord | $360.2K | $380.5K | +5.6% |
| Kannapolis | $298K | $306.7K | +2.9% |
Housing Supply in Concord, NC
How many homes are available in Concord, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 558 | 540 | -3.2% |
Summary: The Concord real estate market had 540 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 53 | 45 | -15.1% |
| 3 Bedrooms | 259 | 258 | -0.4% |
| 4 Bedrooms | 157 | 153 | -2.5% |
| 5+ Bedrooms | 87 | 83 | -4.6% |
Summary: The Concord housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 4.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 95 | -18.8% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you may be able to get a good deal. 58.9% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Concord in November 2024, down by 18.8% month-over-month. Of the 95 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for Concord, NC
How long does it take to sell a home in Concord, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 41 Days | +66.6% |
Summary: Homes in Concord had an average of 41 days on market in Nov 2024, up by 66.6% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
13 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 November 2024, 95 homes were sold in Concord; 53% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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