Concord Market May vs. June: Inventory Rises, Median Price Jumps
- Bob Wiltse
- 2 days ago
- 2 min read
Bob Wiltse, REALTOR®
June 6, 2025
As of June 5, 2025, Concord's on-market single-family inventory under $10 million ticked up slightly, but several key indicators hint at shifting dynamics and opportunities for buyers and sellers alike.
Let's compare the June 5 market to the May 5, 2025 market.
Key Takeaways (June 5 vs. May 5):
Active Listings: Rose by five homes (from 37 to 42), signaling more choices for buyers.
Average Days on Market (DOM): Increased by 12 days (from 38 to 50), suggesting homes stay available longer.
Median Sale Price: Jumped $96 K (from $2.499 M to $2.595 M), reflecting upward pressure on mid-market values.
Lowest Listed Home: Dropped $110 K (from $895 K to $785 K), creating a more affordable entry point.
Price-Band Shifts:
$900 – $999 K: +2 homes
$1 – $1.5 M: –4 homes
$1.5 – $2 M: +6 homes
$2 – $2.5 M: –3 homes
$2.5 – $3 M: +3 homes
$3 – $4 M: no change
$5 – $10 M: +1 home
What's Happening Behind the Numbers
More Listings, but More Patience Required
With five additional homes on the market, buyers now have a modestly broader selection. However, the 12-day jump in average DOM means sellers might need to temper expectations on how quickly their property moves. Buyers could leverage this extra breathing room to negotiate more confidently. Sellers need to price their homes correctly.
Mid-Market Values Are Climbing
A $96K rise in median sale price over just one month underscores the robust demand in the $2–$3 million range. Sellers in that bracket can be encouraged that, despite lengthening timelines, strong offers are still out there. Conversely, mid-market buyers should be prepared for competition for well-priced homes.
Price-Band Volatility
The $1–$1.5 M range saw four fewer listings, indicating either steady sales or owners holding off on listing.
Meanwhile, six homes priced between $1.5 and $2M jumped, giving buyers in that range more options.
Fewer homes between $2–$2.5 M may intensify competition at that sweet spot, but the $2.5–$3 M segment added three new listings, cushioning pressure slightly.
Bottom Line
Concord's early June snapshot shows a slight increase in supply. Homes stay on the market slightly longer. Price dynamics vary across segments. Sellers should be mindful of extended DOM and price competitively, especially in the $1M–$2M range.
Whether you're coordinating a sale or hunting for the perfect Concord home, watch for subtle shifts in the market.
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