Marilyn Messenger's Market Report

Concord, MA 01742

Single-Family Homes

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



Concord, MA 01742

Tue Feb 19 2019
This week the median list price for Concord, MA 01742 is $1,477,000 with the market action index hovering around 29. This is an increase over last month's market action index of 24. Inventory has held steady at or around 52. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Concord, MA 01742

Tue Feb 19 2019
This week the median list price for Concord, MA 01742 is $1,477,000 with the market action index hovering around 29. This is an increase over last month's market action index of 24. Inventory has held steady at or around 52. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $1,477,000
Per Square Foot $392
Days on Market 154
Price Decreased 25%
Price Increased 0%
Relisted 6%
Inventory 52
Median House Rent $7,500
Most Expensive $12,500,000
Least Expensive $489,000
Market Action Index
Slight Buyer's Advantage
29

We continue to see prices in this zip code bouncing around this plateau. 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
$3,599,000 6,220 1 - 2.5 acres 6 5 29 0 0 233
$1,750,000 4,700 1 - 2.5 acres 4 3 3 3 1 98
$1,325,000 3,674 0.5 - 1 acre 4 3 41 3 0 177
$799,900 2,303 0.5 - 1 acre 3 2 32 2 2 108