Concord Housing Market Report December 2024•Cabarrus County, North Carolina

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Housing Prices in Concord, NC

How much do homes in Concord, NC cost?

Housing Market Conditions

Is Concord, NC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Concord is a Seller's Market

Difference Since December 2023

Since last year, Concord has remained a Seller's Market.

Insight

Concord is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$384,355$207/SqFt
+$20,177
+5.5%

Based on all homes sold in the last 12 months

Insight

Homes in Concord have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Concord was $384,355 in December 2024, up 5.5% from last year, and the median price per square foot was $207.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Harrisburg
+11.6%
Concord
+5.5%
Kannapolis
+4.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$162K$187.4K
+15.7%
2$227K$233.5K
+2.9%
3$320.4K$337.7K
+5.4%
4$435K$465K
+6.9%
5$556K$615K
+10.6%

Summary: Concord housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +15.7%. The home price for 2 bedroom homes increased by +2.9%. The home price for 3 bedroom homes increased by +5.4%. The home price for 4 bedroom homes increased by +6.9%. The home price for 5 bedroom homes increased by +10.6%.

Housing supply in Concord, NC

How many homes are available in Concord, NC?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
489Last MonthDec 2024
5312 months agoNov 2024
-7.9 %
Change MoMNov – Dec

Summary: The Concord real estate market had 489 homes for sale in Dec 2024, a 7.9 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
114Last MonthDec 2024
1102 months agoNov 2024
+3.6 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
121
-50.0%
24748
+2.1%
3254237
-6.7%
4148128
-13.5%
58075
-6.3%

Summary: Concord housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +2.1%. The inventory for 3 bedroom homes decreased by -6.7%. The inventory for 4 bedroom homes decreased by -13.5%. The inventory for 5 bedroom homes decreased by -6.3%.

Asking Price vs. Sold Price

How much do homes in Concord, NC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price18 Homes

At Asking Price29 Homes

Under Asking Price67 Homes

Insight

If you're buying a home in Concord, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 114 homes were sold or pending in Concord in December 2024, up by 3.6% month-over-month. Of the 114 sold homes, 59% were sold under asking, 25% were sold at asking, and and 16% were sold over asking.

Days on Market for Concord, NC

How long does it take to sell a home in Concord, NC?

Breakdown of Home Sale Times

Under 30 Days63 Homes

30 – 90 Days32 Homes

Over 90 Days19 Homes

Insight

Many homes in Concord are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 114 homes were sold in Concord; 55% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
45 DaysThis YearDec 2024
35 Days1 year agoDec 2023
+27.4 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Concord had an average listing age of 45 days in Dec 2024, up by 27.4% compared to the previous year.

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Newest Listings in Concord, NC

What homes are available in Concord, NC?

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Nearby markets

Popular Cities with Homes for Sale in North Carolina

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.