RE/MAX Accord's Market Report

Concord, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Concord, CA

Thu Feb 21 2019
This week the median list price for Concord, CA is $624,000 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has held steady at or around 107. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Concord, CA

Thu Feb 21 2019
This week the median list price for Concord, CA is $624,000 with the market action index hovering around 50. This is an increase over last month's market action index of 48. Inventory has held steady at or around 107. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $624,000
Per Square Foot $414
Days on Market 49
Price Decreased 26%
Price Increased 5%
Relisted 12%
Inventory 107
Median House Rent $2,775
Most Expensive $3,950,000
Least Expensive $79,900
Market Action Index
Strong Seller's Market
50

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
$1,024,444 2,474 0.25 - 0.5 acre 4 3 46 6 2 53
$675,000 1,672 6,500 - 8,000 sqft 3 2 54 6 3 59
$599,000 1,247 6,500 - 8,000 sqft 3 2 64 7 7 47
$467,500 1,134 4,500 - 6,500 sqft 2 2 59 9 8 36