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.