Concord Real Estate Market is Hot! 🔥
We are only 3 months into 2017, and the real estate market in Concord, CA is picking up major steam. We are going to pull information from the MLS that includes single family, detached homes that were listed between January 1st-March 31st, 2017. Information on condos, townhomes, etc… are not included.
In that time frame alone, 259 homes were listed. That’s 100+ more than the amount of homes that were listed in Walnut Creek for the same time frame!
In this post, we will pull information directly from the MLS and show it to you here in this post. Hopefully this can make it easy to digest the numbers that show what our local market is doing. We will look at things like:
- Average List Price
- Average Selling Price
- Average Days On Market
- % Of Homes Selling Above List Price
- And More!
How Much Do Homes In Concord Sell For?
Concord, CA covers a lot of ground, and has a diverse set of neighborhoods. So home selling prices basically run the gamut in terms of what you as a seller, or buyer can expect. Some neighborhoods will have homes in the $300K range, and some Concord homes have sold for over $1 million.
The average listing price for Concord, CA as a whole sits at $602,742 for the first quarter. The average sold price comes in at $585,071. So even though Concord has a lot of homes list for less than that average, some of the other neighborhoods are offering up fantastic inventory that brings it up.
How Quick Do Homes In Concord Sell?
For the most part, these homes are selling very quick. On average, Concord is matching Walnut Creek at 13 days on market. Home buyers are out there! Whether they are families, retirees, or folks looking to invest, Concord, CA is proving to be a hot real estate market this year.
Of the 259 homes listed in the first quarter timeframe, 200 have either sold or gone into contract. 63% of those 200 went into contract in 10 days or less! Wow! This is actually great for the Concord area. Being a little farther out, it’s typically not a surprise for home to reach that average of 13 days on market. To have such a high percentage go into contract in 10 days or less shows that buyer demand is high.
High buyer demand means more money when you sell! 💰
Are People Paying More Than The List Price For A Home In Concord?
In the time frame we are looking at, 104 homes have sold so far in Concord, CA. Of those sales, 86 of them sold at or above the asking price! That’s nearly a whopping 83%! In case the point isn’t clear, selling a home in Concord, CA right now is a lucrative idea.
There have also been instances where a home sells for $100,000 more than the asking price. WHAT?! Those folks made out well!
So What If I’m Curious About Selling My Home In Concord, CA?
Write us on our Contact Page with your questions, or visit our Home Value analysis page and fill out the request form. We are always available to answer your questions, and show you how home sales are doing in your specific neighborhood. Our home value analysis also comes with a detailed marketing plan/calendar that shows what our team does to generate the best sale possible for you.
The data for this article is considered reliable but not guaranteed. The data was pulled from the MLS for single family, detached homes listed in Concord, CA from January 1st, 2017-March 31st, 2017. Other dwelling types like condos, townhomes, etc… are not included.
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