Concord Real Estate Statistics

Concord Real Estate Price Trend
Concord real estate average sold price in the last 30 days (January 4 - February 2) was $754,305, which is $98,484 (13.1%) lower than the average price of $852,789 in the previous 30 day period (December 5 - January 3), and $81,157 (10.8%) down from the same period 1 year ago ($835,462). Concord real estate prices over the last 30 days are also $84,424 (11.2%) lower than the average selling price of $838,729 over the past year.
Concord average sold price for homes was $1,380,000 in the last 30 days (January 4 - February 2), which is $250,000 (18.1%) up from the average home price of $1,130,000 in the previous 30 day period (December 5 - January 3), and $94,845 (6.9%) lower than the same period 1 year ago ($1,474,845). In the last 30 days Concord the average home price was $42,731 (3.1%) higher than the average selling price of $1,337,269 over the last 12 months.
Average Concord condo sold price over the last 30 days (January 4 - February 2) was $638,307. During this period it was $147,226 (23.1%) down from the average price of condo of $785,533 during the previous 30 days (December 5 - January 3), and $91,464 (14.3%) lower compared to the same period 1 year ago ($729,771). In the last 30 days Concord the average condo price was $55,436 (8.7%) lower than the average selling price of $693,743 over the last year.
Average sold price of Concord townhouse was $1,010,888 in the last 30 days (January 4 - February 2), down $19,112 (1.9%) from the average townhome price of $1,030,000 over the previous 30 days (December 5 - January 3), and $166,408 (16.5%) lower than during to the same period 1 year ago ($1,177,296). Over the last 30 days the average townhouse price in Concord was $90,224 (8.9%) higher compared to the average selling price of $920,664 over the last 12 months.
Sold Price Above/Below Asking ($)
Average selling price for Concord real estate was $754,305 in the last 30 days (January 4 - February 2), which is collectively $982 (0.1%) lower than the average asking price of $798,024. This represents an increase of $19,728 (95.3%) compared to $20,710 (2.7%) Sold-Under-Asking price from the previous 30 day period (December 5 - January 3).
The maximum Sold Over/Under Asking ratio in Concord during the last 12 months was recorded in February, 2022 with an average of $101,625 over the asking price, while the minimum occurring in October, 2022 with $33,001 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 28.1% with 16 properties sold and 21 new properties listed in the past 30 days (January 4 - February 2). This represents a decrease from 90.5% recorded during the previous 30 day period (December 5 - January 3), and a decrease from 66.3% compared to the same period one year ago.
Over the the last year the highest SNLR in Concord was 80.2% recorded in February and the lowest was in January at 23.2%. 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 16 properties that were successfully sold in Concord in the last 30 days (January 4 - February 2) was 32 days, which is 4 days more than 28 days average in the previous 30 day period (December 5 - January 3) and 27 days longer than during the same period a year ago (5 days).
There were 24 delisted properties in Concord, those that got either Expired, Suspended or Terminated over the last 30 days (January 4 - February 2) with an average of 89 days on the market. This is 14 days longer than the average of 75 days during the previous 30 day period (December 5 - January 3) and 24 days more compared to the same period last year average of 65 days on the market.
24 Concord properties that didn't sell stayed on the market 178.1% longer than 16 that sucessfully sold over the last 30 days - 32 days when sold vs 89 days when delisted respectively.
Average Days on the Market in Concord over the past 12 months for properties that have sold was 21.0 days, with 45.6 days for those properties that did not sell.
New Real Estate Listings vs Sold/Delisted
57 new properties were listed on the market in Concord in the last 30 days (January 4 - February 2). During the same time 16 properties were sold and 24 listings were removed from the market (Expired, Suspended or Terminated), which represents an increase in total inventory by 17 properties (or 29.8%).
During the previous 30 day period (December 5 - January 3) there were 21 new properties listed, 19 sold and 21 properties that did not sell and were removed from the market.
Over the past year the busiest month for new listings was May with 143 new properties listed, the slowest - December with 24 new listings and a yearly average of 84 new listings per month.
New Real Estate Listings by Property Type
There were a total of 7 homes listed during the last 30 days (January 4 - February 2), which is 12.3% of all properties listed in Concord. This is a 133.3% increase compared with a previous 30 day period (December 5 - January 3) and 40.0% up from the same period a year ago. Over the past year an average of 13 homes are were listed per month.
49 condo units were listed in the last 30 days (January 4 - February 2) in Concord, which represents 86.0% of all new listings. This is up 188.2% from the prior 30 day period (December 5 - January 3) and 32.9% less compared to the same period last year. There were 66 condos listed per month on average during the last 12 months.
1 townhomes were listed over the last 30 days (January 4 - February 2) in Concord, which is 1.8% of all new real estate inventory. This is a 0.0% less than during the previous 30 day period (December 5 - January 3) and 80.0% 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 2 homes sold during the last 30 days (January 4 - February 2), which is 12.5% of all properties sold in Concord. This is a 33.3% decline compared with a previous 30 day period (December 5 - January 3) and 66.7% down from the same period a year ago. Over the past year an average of 7 homes are were sold per month.
13 condo units were sold in the last 30 days (January 4 - February 2) in Concord, which represents 81.2% of all sold properties. This is down 13.3% from the prior 30 day period (December 5 - January 3) and 71.7% less compared to the same period last year. There were 29 condos sold per month on average during the last 12 months.
1 townhomes were sold over the last 30 days (January 4 - February 2) in Concord, which is 6.2% of all sold real estate. This is a 0.0% less than during the previous 30 day period (December 5 - January 3) and 66.7% decrease compared to the same period a year ago. During the last year the average number of townhomes sold stood at 2 a month.
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