Marilyn Messenger's Market Report

Concord, MA 01742

Single-Family Homes

www.MarilynMessenger.com | marilynmessenger@realtor.com | 1-508-596-3501



Concord, MA 01742

Mon Apr 22 2019
This week the median list price for Concord, MA 01742 is $1,529,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has held steady at or around 74. 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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Concord, MA 01742

Mon Apr 22 2019
This week the median list price for Concord, MA 01742 is $1,529,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has held steady at or around 74. 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

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $1,529,000
Per Square Foot $390
Days on Market 117
Price Decreased 35%
Price Increased 3%
Relisted 11%
Inventory 74
Median House Rent $2,100
Most Expensive $12,500,000
Least Expensive $585,000
Market Action Index
Slight Seller's Advantage
39

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$3,549,000 7,415 5 - 10 acres 6 5 18 4 1 152
$1,995,000 5,249 0.5 - 1 acre 5 4 18 4 1 140
$1,298,000 3,221 0.5 - 1 acre 4 3 49 2 0 122
$899,900 2,510 0.25 - 0.5 acre 4 2 56 4 2 57