Maurice Barnes' Market Report

Concord, NC

Single-Family Homes

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



Concord, NC

Sat Mar 02 2024
This week the median list price for Concord, NC is $384,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 150. 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

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, NC

Sat Mar 02 2024
This week the median list price for Concord, NC is $384,950 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 150. 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

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 $384,950
Median Price of New Listings $336,000
Per Square Foot $218
Average Days on Market 59
Median Days on Market 35
Price Decreased 38%
Price Increased 3%
Relisted 5%
Inventory 150
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
$650,000 3,080 0.25 - 0.5 acre 4 3 10 3 3 70
$429,900 2,135 0.25 - 0.5 acre 4 2.5 2 5 9 21
$339,450 1,521 0.25 - 0.5 acre 3 2 24 5 8 24
$275,000 1,271 8,000 - 10,000 sqft 3 2 71 8 6 38