Concord's real estate market is currently hot with low inventory and high demand. The median home price has fallen to $171,750, a significant 33.9% decrease year-over-year. At the current pace, all available homes in Concord would sell out in just 1.5 months, indicating a continued supply shortage. Homes are now taking an average of 71 days to sell, significantly longer than the 25 days typical for this market. Approximately 25.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Concord market with the affordability index at 816.9. Based on current market indicators, home prices in Concord are projected to increase by approximately 15.0% over the next month.
Concord, AL has a total population of 1,589 residents. The area is predominantly White (93.8%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Concord, AL.
Market predictions for Concord, AL show relatively stable home prices with minimal change (1.9%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Concord, AL is approximately $201,353.909. The stable price trend suggests a balanced market in Concord, AL, suitable for both buyers and sellers.
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