Concord, MA Real Estate Listings & Homes for Sale

In June 2024, the Concord housing market experienced a notable shift, with home prices dropping by 10.9% compared to the previous year, resulting in a median sale price of $1.5 million. Despite this price decline, homes in Concord are selling faster, with the average time on the market reduced to just 12 days, compared to 20 days last year. This quicker turnaround indicates continued buyer interest and competitiveness, even as the market cools slightly. However, the number of homes sold also decreased, with 28 transactions in June 2024, down from 30 the previous year, reflecting a slight dip in market activity.

Concord's housing market remains intensely competitive, with homes typically selling within 16 days. Many properties attract multiple offers, often with buyers waiving contingencies to secure their purchase. On average, homes sell for approximately 3% above the list price and go pending within about 16 days. However, in particularly hot segments of the market, homes can sell for as much as 10% above the list price, with pending status achieved in just 11 days, underscoring the strong demand and urgency among buyers.

People are moving to Concord from a variety of locations, with notable interest from outside the area. Nationwide, 2% of homebuyers who searched for properties in Concord were from outside the metropolitan region. Among these, New York leads as the top source of interest, with more homebuyers from this metro searching to move to Concord than from any other area. Following New York, Hartford and Washington, D.C. also rank highly as key metros where prospective buyers are looking to relocate to Concord. This influx from major cities reflects Concord's appeal to those seeking new opportunities or a change in lifestyle.