RE/MAX Accord's Market Report

Concord, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Concord, CA

Wed Oct 24 2018
This week the median list price for Concord, CA is $649,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 151. Click here to stay informed with the Concord market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Concord, CA

Wed Oct 24 2018
This week the median list price for Concord, CA is $649,000 with the market action index hovering around 55. This is an increase over last month's market action index of 54. Inventory has held steady at or around 151. Click here to stay informed with the Concord market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $649,000
Per Square Foot $383
Days on Market 46
Price Decreased 50%
Price Increased 3%
Relisted 11%
Inventory 151
Median House Rent $2,050
Most Expensive $2,489,500
Least Expensive $110,000
Market Action Index
Strong Seller's Market
55

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$830,000 2,364 0.25 - 0.5 acre 4 3 40 3 13 53
$690,000 1,818 6,500 - 8,000 sqft 4 2 53 4 4 47
$613,944 1,488 6,500 - 8,000 sqft 3 2 56 7 9 37
$512,000 1,180 4,500 - 6,500 sqft 3 2 63 8 12 48