RE/MAX Accord's Market Report

Concord, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Concord, CA

Fri Jun 21 2024
This week the median list price for Concord, CA is $949,975 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has decreased to 84. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Concord, CA

Fri Jun 21 2024
This week the median list price for Concord, CA is $949,975 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has decreased to 84. 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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $949,975
Median Price of New Listings $872,450
Per Square Foot $533
Average Days on Market 37
Median Days on Market 18
Price Decreased 24%
Price Increased 4%
Relisted 6%
Inventory 84
Median Rent
Market Action 72
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.

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
$1,395,000 2,668 0.25 - 0.5 acre 4 3 43 3 4 28
$1,049,000 2,100 8,000 - 10,000 sqft 4 2 59 5 3 14
$829,999 1,482 6,500 - 8,000 sqft 3 2 61 7 11 7
$699,000 1,136 6,500 - 8,000 sqft 3 2 71 7 9 14