Concord Real Estate Statistics

Concord Real Estate Price Trend
Concord real estate average sold price in the last 30 days (November 2 - December 1) was $783,049, which is $33,986 (4.3 %) lower than the average price of $817,035 in the previous 30 day period (October 3 - November 1), and $18,971 (2.4 %) down from the same period 1 year ago ($802,020). Concord real estate prices over the last 30 days are also $29,412 (3.8 %) lower than the average selling price of $812,461 over the past year.
Concord average sold price for homes was $1,384,000 in the last 30 days (November 2 - December 1), which is $108,988 (7.9 %) up from the average home price of $1,275,012 in the previous 30 day period (October 3 - November 1), and $424,500 (30.7 %) higher than the same period 1 year ago ($959,500). In the last 30 days Concord the average home price was $95,921 (6.9 %) higher than the average selling price of $1,288,079 over the last 12 months.
Average Concord condo sold price over the last 30 days (November 2 - December 1) was $707,344. During this period it was $58,844 (8.3 %) up from the average price of condo of $648,500 during the previous 30 days (October 3 - November 1), and $57,303 (8.1 %) higher compared to the same period 1 year ago ($650,041). In the last 30 days Concord the average condo price was $74,064 (10.5 %) higher than the average selling price of $633,280 over the last year.
Average sold price of Concord townhouse was $1,185,000 in the last 30 days (November 2 - December 1), up $104,167 (8.8 %) from the average townhome price of $1,080,833 over the previous 30 days (October 3 - November 1), and $300,000 (25.3 %) higher than during to the same period 1 year ago ($885,000). Over the last 30 days the average townhouse price in Concord was $125,926 (10.6 %) higher compared to the average selling price of $1,059,074 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Concord real estate was $783,049 in the last 30 days (November 2 - December 1), which is collectively $13,810 (1.9 %) higher than the average asking price of $735,937. This represents a decline of $26,683 (65.9 %) compared to $40,493 (4.8 %) Sold-Over-Asking price from the previous 30 day period (October 3 - November 1).
The maximum Sold Over/Under Asking ratio in Concord during the last 12 months was recorded in March, 2021 with an average of $38,509 over the asking price, while the minimum occurring in December, 2020 with $3,328 below the asking price.
Sales to New Listings Ratio
Sales to New Listings Ratio (SNLR) represents the number of sales in relation to new inventory listed over a period of time. SNLR for all property types in Concord was 87.9 % with 51 properties sold and 48 new properties listed in the past 30 days (November 2 - December 1). This represents a decrease from 125.0 % recorded during the previous 30 day period (October 3 - November 1), and an increase from 41.0 % compared to the same period one year ago.
Over the the last year the highest SNLR in Concord was 117.0 % recorded in October and the lowest was in May at 55.2 %. SNLR of under 40% generally represents the Buyers' Market, while 60% and above - the Sellers' Market, with 40% to 60% range signaling a balanced market.
Average Days on Market when Sold vs Delisted
The Average Days on the Market (DOM) for 51 properties that were successfully sold in Concord in the last 30 days (November 2 - December 1) was 19 days, which is 6 days more than 13 days average in the previous 30 day period (October 3 - November 1) and 2 days longer than during the same period a year ago (17 days).
There were 14 delisted properties in Concord, those that got either Expired, Suspended or Terminated over the last 30 days (November 2 - December 1) with an average of 30 days on the market. This is 24 days shorter than the average of 54 days during the previous 30 day period (October 3 - November 1) and 17 days less compared to the same period last year average of 47 days on the market.
14 Concord properties that didn't sell stayed on the market 57.9 % longer than 51 that sucessfully sold over the last 30 days - 19 days when sold vs 30 days when delisted respectively.
Average Days on the Market in Concord over the past 12 months for properties that have sold was 18.2 days, with 47.7 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
58 new properties were listed on the market in Concord in the last 30 days (November 2 - December 1). During the same time 51 properties were sold and 14 listings were removed from the market (Expired, Suspended or Terminated), which represents a decrease in total inventory by 7 properties (or 12.1 %).
During the previous 30 day period (October 3 - November 1) there were 48 new properties listed, 60 sold and 24 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 87 new properties listed, the slowest - December with 33 new listings and a yearly average of 61 new listings per month.
New Real Estate Listings by Property Type
There were a total of 7 homes listed during the last 30 days (November 2 - December 1), which is 12.1 % of all properties listed in Concord. This is a 22.2 % decline compared with a previous 30 day period (October 3 - November 1) and 36.4 % down from the same period a year ago. Over the past year an average of 14 homes are were listed per month.
49 condo units were listed in the last 30 days (November 2 - December 1) in Concord, which represents 84.5 % of all new listings. This is up 36.1 % from the prior 30 day period (October 3 - November 1) and 8.9 % more compared to the same period last year. There were 42 condos listed per month on average during the last 12 months.
2 townhomes were listed over the last 30 days (November 2 - December 1) in Concord, which is 3.4 % of all new real estate inventory. This is a 33.3 % less than during the previous 30 day period (October 3 - November 1) and 60.0 % decrease compared to the same period a year ago. During the last year the average number of townhomes listed stood at 5 a month.
Real Estate Sales by Property Type
There were a total of 5 homes sold during the last 30 days (November 2 - December 1), which is 9.8 % of all properties sold in Concord. This is a 58.3 % decline compared with a previous 30 day period (October 3 - November 1) and 50.0 % down from the same period a year ago. Over the past year an average of 12 homes are were sold per month.
45 condo units were sold in the last 30 days (November 2 - December 1) in Concord, which represents 88.2 % of all sold properties. This is up 7.1 % from the prior 30 day period (October 3 - November 1) and 275.0 % more compared to the same period last year. There were 36 condos sold per month on average during the last 12 months.
1 townhomes were sold over the last 30 days (November 2 - December 1) in Concord, which is 2.0 % of all sold real estate. This is a 83.3 % less than during the previous 30 day period (October 3 - November 1) and 66.7 % decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 4 a month.
DIALOG CONTENT
Would you like to receive Similar Listing Alerts as soon as they are uploaded to MLS®?
How would you rate our website?
Would you like to rate us on Google?
Yes
64182439