Maurice Barnes' Market Report

Concord, NC

Single-Family Homes

Keller Williams Realty | 704-610-4112 | maurice.barnes@kw.com



Concord, NC

Tue Jul 16 2024
This week the median list price for Concord, NC is $427,727 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 256. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Concord, NC

Tue Jul 16 2024
This week the median list price for Concord, NC is $427,727 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has increased to 256. 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.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Concord market.
Median List Price $427,727
Median Price of New Listings $370,000
Per Square Foot $207
Average Days on Market 60
Median Days on Market 42
Price Decreased 54%
Price Increased 1%
Relisted 4%
Inventory 256
Median Rent
Market Action 43
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$693,802 3,398 0.25 - 0.5 acre 4 3.5 24 6 10 42
$517,450 2,524 8,000 - 10,000 sqft 4 2.5 15 5 8 35
$375,000 1,830 0.25 - 0.5 acre 3 2.5 25 9 7 35
$271,950 1,219 8,000 - 10,000 sqft 3 2 78 10 8 49