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Concord Real Estate Prices And Market Stats

  • 189 Total For Sale
  • 37 New Listings
  • 4 Back On Market
  • 19 Price Change

There are currently 189 properties for sale and Concord real estate prices are between $198,888 and $699,988,000. The median price for homes that are currently for sale is $598,000. Homes are selling for about $2,699 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Median Price

$598,000

$198,888
Lowest Priced

$699,988,000
Highest Priced

Avg Price/SQFT

$2,699

$256
Lowest

$437,493
Highest

Avg DOM

32

Concord Residential Real Estate Analysis

June 2019 VS. June 2018

Detached Homes

Unit Sales

93 Sales -11% (105)

Median Sales Price

$660,000 0% ($660,000)

Avg $/sqft

$402 -4% ($418)

Average Days On Market

21 34% (16)

Selling/listing Price

100% -3% (103%)

Condos

Unit Sales

13 Sales -32% (19)

Median Sales Price

$342,500 2% ($335,000)

Avg $/sqft

$338 -8% ($367)

Average Days On Market

27 69% (16)

Selling/listing Price

99% -6% (105%)

Townhomes

Unit Sales

9 Sales -31% (13)

Median Sales Price

$475,000 -4% ($495,000)

Avg $/sqft

$349 -4% ($362)

Average Days On Market

32 95% (16)

Selling/listing Price

88% -14% (103%)

Concord Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Concord based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Concord over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

26.42 sold/week

total Currently for sale

134

Absorption Rate

5.07 weeks

Condos

Sales per Week

6.25 sold/week

total Currently for sale

35

Absorption Rate

5.60 weeks

Townhomes

Sales per Week

2.08 sold/week

total Currently for sale

17

Absorption Rate

8.16 weeks

All

Sales per Week

34.92 sold/week

total Currently for sale

189

Absorption Rate

5.41 weeks

Concord Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 2 month price trend where property prices have increased 6%

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $777,000 2,163 9 1973 0 102 Most Expensive 25% of properties
Upper/Second $649,000 1,580 11 1967 0 101 Upper-middle 25% of properties
Lower/Third $560,000 1,323 12 1960 0 102 Lower-middle 25% of properties
Bottom/Fourth $344,000 994 15 1971 0 101 Least expensive 25% of properties

Concord Price Per Square Foot Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Concord Home SQFT Price Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Concord, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Concord. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM Avg Year Built
Largest 25% sqft (102) 1,794 - 4,165 $351 $765,000 12 1975
Upper-middle 25% sqft (101) 1,416 - 1,794 $397 $635,000 13 1967
Lower-middle 25% sqft (102) 1,130 - 1,415 $444 $572,000 9 1961
Smallest 25% sqft (101) 611 - 1,129 $414 $345,000 12 1967

Concord Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.

Date Median Price DOM Avg $/sqft Sales Ratio
Jun/2019 $619,000 12 $391 101.34%
May/2019 $595,000 13 $407 101.75%
Apr/2019 $579,475 11 $404 101.69%
Mar/2019 $545,000 13 $409 100.99%
Feb/2019 $546,500 15 $401 100.24%
Jan/2019 $549,000 43 $374 99.09%
Dec/2018 $589,950 19 $373 99.15%
Nov/2018 $599,000 18 $387 99.83%
Oct/2018 $542,500 19 $395 99.92%
Sep/2018 $585,000 16 $399 100.25%
Aug/2018 $559,500 16 $399 101.28%
Jul/2018 $599,000 12 $392 101.90%
Jun/2018 $599,000 11 $405 103.65%

Complete Residential Inventory

Below is all the properties currently for sale in Concord, sorted by number of bedrooms.

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 8 $247,500 $240,361 661 $360 $367
2 24 $327,450 $328,795 911 $362 $362
3 3 $399,000 $429,000 1,188 $319 $367
all 35 $318,000 $317,171 878 $357 $363

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 5 $499,000 $528,600 1,067 $444 $514
3 65 $605,000 $628,752 1,561 $425 $421
4 51 $749,000 $14,509,463 2,165 $373 $8,947
5 12 $997,000 $1,022,733 3,251 $318 $317
6 1 $1,100,000 $1,100,000 3,510 $313 $313
all 134 $684,000 $5,946,771 1,939 $383 $3,659

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 3 $519,000 $462,666 1,082 $481 $428
all 3 $519,000 $462,666 1,082 $481 $428

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 5 $374,000 $366,790 1,030 $368 $357
3 11 $469,000 $485,491 1,422 $354 $341
4 1 $630,000 $630,000 1,948 $323 $323
all 17 $435,000 $459,079 1,338 $354 $345