Are you looking to buy or sell a home in Concord, California?
If so, it’s important to stay up-to-date with the latest market trends and data. Here’s a look at the current state of the real estate market in Concord, based on recent data for the 94521 area of the city:
Number of Active Listings: 13
Average Days on Market for Active Listings: 26
Average Days on Market for Sold Homes (past 30 days): 50
Monthly Change in Active Listings: -45.1% (91)
Annual Change in Active Listings: -12.3% (57)
Median Listing Price (past 30 days): $838,000
One Month Change in Median Listing Price: -6.8% ($899,000)
One Year Change in Median Listing Price: -15.1% ($986,500)
Listing Price per Square Foot: $530.74
As you can see, the Concord real estate market has experienced a decline in the number of active listings, with a monthly change of -45.1% and an annual change of -12.3%. Additionally, the median listing price has also decreased over the past month, with a one month change of -6.8% and a one year change of -15.1%.
However, despite the decrease in active listings and prices, the average days on market for sold homes in the past 30 days has increased to 50, indicating that it may take longer to sell a home in Concord than in previous months.
It’s important to note that these market trends are influenced by a variety of factors, including the overall state of the economy, interest rates, and local trends. It’s always a good idea to work with an experienced real estate agent who can provide insight into the local market and help you navigate the buying or selling process.
If you’re considering buying or selling a home in Concord, CA, now may be a good time to start exploring your options. Contact Todd Goforth, Concord Realtor, to discuss your strategy to maximizing profits on your sale, or becoming a future home owner! Phone: 925-788-5741