RE/MAX Accord's Market Report

Concord, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Concord, CA

Wed Oct 04 2023
This week the median list price for Concord, CA is $860,000 with the market action index hovering around 68. This is less than last month's market action index of 75. Inventory has decreased to 75. Click here to stay informed with the Concord market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Concord, CA

Wed Oct 04 2023
This week the median list price for Concord, CA is $860,000 with the market action index hovering around 68. This is less than last month's market action index of 75. Inventory has decreased to 75. Click here to stay informed with the Concord market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $860,000
Median Price of New Listings $860,000
Per Square Foot $549
Average Days on Market 49
Median Days on Market 28
Price Decreased 39%
Price Increased 9%
Relisted 16%
Inventory 75
Median Rent
Market Action 68
Strong Seller's Market

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
$1,277,000 2,257 8,000 - 10,000 sqft 4 3 44 4 3 28
$979,000 1,880 8,000 - 10,000 sqft 4 2 59 2 6 21
$789,000 1,284 6,500 - 8,000 sqft 3 2 61 2 4 35
$648,000 1,170 4,500 - 6,500 sqft 3 2 70 5 9 21