$2,601 Closing Credit*
$219,000
1,968 SqFt
4 Beds
•3 Full Baths
Brandon Kmiotek, Listing Office: HUNT Real Estate Corporation
Is Concord, NY 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 Buyer'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, NY
How much do homes in Concord, NY cost?
Median Sold Price
$249,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$57,070(-18.6%)
Key Takeaway
Homes in Concord have sold for 18.6% less than they did a year ago.
Summary: The median home sold price in Concord was $249,000 in October 2024, down 18.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $170.5K | $200K | +17.3% |
| 3 Bedrooms | $295K | $227K | -23.1% |
| 4 Bedrooms | $340K | $260K | -23.5% |
| 5+ Bedrooms | $382K | $300K | -21.5% |
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 increased by 17.3%, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes decreased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Springville | $238K | $239.9K | +0.8% |
| Concord | $306K | $249K | -18.6% |
Housing Supply in Concord, NY
How many homes are available in Concord, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 27 | -27.0% |
Summary: The Concord real estate market had 27 homes for sale in October 2024, a 27.0% 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 | 6 | 2 | -66.7% |
| 3 Bedrooms | 12 | 8 | -33.3% |
| 4 Bedrooms | 14 | 13 | -7.1% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
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 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Concord, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Concord in October 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Concord, NY
How long does it take to sell a home in Concord, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 11 Days | -77.1% |
Summary: Homes in Concord had an average of 11 days on market in Oct 2024, down by 77.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 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, 5 homes were sold in Concord; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
