Is Concord Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Concord Township is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Concord Township, NC

How much do homes in Concord Township, NC cost?

Median Sold Price

$376,793

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,377(+5.7%)

Key Takeaway

Homes in Concord Township have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Concord Township was $376,793 in November 2024, up 5.7% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $162K$207.5K
+28.1%
2 $225K$235K
+4.4%
3 $319K$337.3K
+5.8%
4 $435K$456.8K
+5.0%
5+ $550.5K$609K
+10.6%

Summary: Concord Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Tabernacle Township
+17.3%
Emmons Township
+5.9%
Concord Township
+5.7%
Asheboro
+4.1%
Cedar Grove Township
+0.7%

Housing Supply in Concord Township, NC

How many homes are available in Concord Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
549527-4.0%

Summary: The Concord Township real estate market had 527 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 5446
-14.8%
3 260258
-0.8%
4 152147
-3.3%
5+ 8175
-7.4%

Summary: The Concord Township 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 14.8%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 7.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11595-17.4%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Concord Township, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.

Summary: A total of 95 homes were sold or pending in Concord Township in November 2024, down by 17.4% month-over-month. Of the 95 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for Concord Township, NC

How long does it take to sell a home in Concord Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days42 Days+67.3%

Summary: Homes in Concord Township had an average of 42 days on market in Nov 2024, up by 67.3% 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 95 homes were sold in Concord Township; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Concord Township, NC

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