Concord, MA Real Estate Market Trends: A 4-Year Comparison (This Week, 2022-2025)

Bob Wiltse, REALTOR®

July 1, 2025

How has the Concord, MA market changed over the past four years? By examining this week's (the last week of June) data from 2022 through 2025, we can track trends in home prices, market activity, and whether the advantage is shifting toward buyers or sellers. **Let's dig into the numbers to answer the question: How's the market?

Year	Median Price	Average Days on Market (DOM)	Median DOM	Price per Sq Ft	% Price Decreased	Inventory	Market Action Index (MAI)
2025	$1,999,995	53.4	35	$557.11	22.22%	45	48.3
2024	$2,262,500	71.9	31.5	$561.50	36.67%	30	59.7
2023	$1,772,500	87.5	49	$552.71	40.00%	30	48.4
2022	$2,085,000	21.3	7	$475.00	29.63%	27	75.8

Key Takeaways

1. Prices Remain Strong, But Growth Has Stabilized

• The median home price in 2025 is $1,999,995, slightly lower than in 2024 but still significantly higher than in 2023.

• The price per square foot has remained steady over the last three years at this time frame.

2. Homes Are Taking Longer to Sell

• The average days on market (DOM) jumped from just 21.3 days in 2022 to over 53 days in 2025.

• The median DOM has followed a similar trend, suggesting that buyers are moving more cautiously and properties are lingering longer before going under contract.

Market Profile - Concord, MA July 1, 2025

3. Price Reductions Are Less Frequent in 2025

• In 2025, 22.22% of homes reduced their price, down from 40% in 2023 and 36.67% in 2024.

• This decline in price reductions, combined with relatively stable pricing, suggests that sellers may be pricing homes more accurately from the start.

4. Inventory is Growing

• Active inventory has climbed from 27 homes in 2022 to 45 homes in 2025.

• Higher inventory typically provides buyers with more options and can create more balanced market conditions.

5. The Market Action Index (MAI) Shows a Shift

• The MAI answers the question, "How's the market?" Altos Research explains "It provides a quick snapshot of supply and demand and overall market competitiveness."

• The Concord MAI has cooled from a hot seller's market of 75.8 in 2022 to 48.3 in 2025.

• The MAI has remained strong this week over the past four years. An MAI above 30 generally indicates a seller's market, but the declining trend shows the market is less competitive than it was just a few years ago.

What Does This Mean for Buyers and Sellers?

• For Buyers: There's more selection and less competition today than in 2022. While prices remain strong, the longer market times offer some leverage for negotiation.

• For Sellers: Pricing correctly is key. Overpricing can lead to extended market times and price reductions. However, homes that are well-prepared and accurately priced can still sell at a premium.

Ready to Navigate the Concord Market?

Whether you're considering buying, selling, or simply curious about your home's value, I can help you decipher the data and develop a strategic approach.

Let's talk about how to make this market work for you. Contact me today for a personalized market analysis. Find out where your house stands.

**Data provided by Altos Research