RE/MAX Accord's Market Report

Concord, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Concord, CA

Thu Feb 13 2025
This week the median list price for Concord, CA is $845,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has increased to 63. 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

Market Narrative

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

Thu Feb 13 2025
This week the median list price for Concord, CA is $845,000 with the market action index hovering around 62. This is an increase over last month's market action index of 61. Inventory has increased to 63. 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

Market Narrative

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 $845,000
Median Price of New Listings $824,750
Per Square Foot $514
Average Days on Market 47
Median Days on Market 14
Price Decreased 14%
Price Increased 2%
Relisted 8%
Inventory 63
Median Rent
Market Action 62
Strong Seller's Market

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength in a market, larger homes are coming more available and buyers are tending to get more home for their money.

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
$1,200,000 2,270 0.25 - 0.5 acre 4 3 51 2 7 14
$912,499 1,781 6,500 - 8,000 sqft 3 2 62 7 8 14
$799,000 1,536 6,500 - 8,000 sqft 3 2 65 2 7 14
$684,000 1,212 4,500 - 6,500 sqft 3 2 70 7 10 14