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Concord MA Market Report

While the number of homes for sale continues to remain at record lows in most places, single-family inventory in Concord is higher than it was last year, and the median list price is lower! It’s a great time be a home buyer in Concord! Here is the data for Concord.

Homes for Sale 11/9/2017: There are 83 single-family properties for sale in Concord; last year at the same time there were 57. List prices on in Concord range from $399,900 to $12,500,000; the median list price is $1,495,000. The median list price last year in Concord was $1,639,000. The average time on the market for current listings is 163 days compared with 142 days last year.

Luxury home buyers have a variety of options in Concord and with the time on the market exceeding of 6 months for many of these properties and more than one year in some cases. Many of these home sellers may are ready to negotiate especially heading toward the winter months.  See all of the properties for sale in Concord.

October Closed Sales: There were 14 closed single-family home sales in Concord in October; the same as in October 2016. Worth noting – the median price of $756,250 was lower than the previous year when it was $932,500.

Year-over-year as of 10-31: Listings units – up 24.62%. Median list price – minus 3.69%. Units pending – minus 14.48%. Median sale price – up 10.65%. Click here to see the full report.

The number of homes listed for the 12-month period ending on 10/31/2017 is the same as for the same period in 2016. The chart below shows market activity for single-family homes in Concord for that 12-month period.

 Concord MA - Market Activity - Single Family - 10-31-2017

Condominiums for Sale: The number of condominiums for sale in Concord is also higher than last year – there are 18 for sale, including garden apartments at Concord Greene, attached and detached townhouses, and new construction at Black Birch. Click here for the full report.

12-month Condominium Activity as of 10-31:

Concord MA - condo market activity 12 months ending 10-31

Seeing how the market compares with previous months and years is interesting, however, looking backwards does not tell you the current value of your property and the amount your neighbors house sold for last Spring really does not matter... Your home's value depends on the exact location and condition of your property and what other houses are on the market that a potential buyer will also be looking at. Your home's position to today's market is what will determine value. Whether you should sell today or wait until Spring when prices generally go up is a decision you need to make based on your needs and goals; not "the market". Most sellers become buyers so it evens out in the end... and remember, there is no time like the present - no one can predict the future.

Want to know more? Call me at 508-596-3501 or
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Additional Market Reports for Sudbury, Wayland, Maynard, Stow and the latest update from the Institute for Luxury Homes Marketing.

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Marilyn Messenger, REALTOR
CRS®, ABR®, GRI®,CLHMS, Broker
Direct: 508-596-3501
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Recommendations for Marilyn Messenger

The sale of my home [in Sudbury] was not typical, requiring a realtor of exceptional skills, experience and knowledge. Yet even though I had been in the home building field, I could think of only one realtor for the job – Marilyn Messenger. Not only was she eminently equipped to handle the real estate end of things but she knew exactly the right lawyers to handle the complex legal issues associated with the sale. There was a substantial array of documents to fill out and sign, but Marilyn was always on top of, and ahead of things. As a result of Marilyn's hard work, my house had a buyer in the first week it was on the market and the deed exchanged hands in about a month – for such a complex sale that kind of speed is unusual It is fair to say that I would not have made it through all the steps required in such a sale without Marilyn. Peter N.
Marilyn sold our townhouse in one day. We had four offers and several overing asking. We were able to do this with Marilyn's thorough and thoughtful consultation and guidance. She knew exactly what would sell our home. We met initially in early Fall and prepared a plan to be the first on the market in the Spring. Marilyn stayed in constant communication and pinged us when we needed to take action. She made the selling process as painless as possible with maximum results. We were also able to buy our next home through Marilyn. We turned in our keys for our townhome and got the keys to our new home the very next day. Coordination was flawless. Overall, Marilyn has a keen eye, superior attention to details, a great sense of the market, and excellent communication skills. We would definitely recommend her as an agent. Beverly T.
We were so pleased to have worked with Marilyn for a second time! Marilyn helped us to buy our first home in Sudbury 10 years ago and when we were ready to sell it, we called her again. The process of buying and selling can be overwhelming, but Marilyn helped us to sort through it all. She is a master at organization and coordination of the many parties involved in this process. She was on top of all of the details so that nothing fell through the cracks. There were multiple offers on the house we ended up buying and on our house when we sold it, and Marilyn was invaluable in helping us to navigate through those negotiations. Following her advice, we had an accepted offer on our house in just 3 days! We would definitely recommend Marilyn! J. Jackson
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300 Baker Avenue | Suite 300 | Concord MA 01742