Concord Single Family Homes: A historical overview
Over the past two decades, the real estate market in Concord, Massachusetts, has experienced significant growth, particularly in single-family home prices. This upward trajectory reflects the town's desirability, characterized by its rich history, excellent schools, and proximity to Boston.
Historical Overview of Single-Family Home Prices in Concord
In 2003, the average assessed value of a single-family home in Concord was approximately $753,000, marking a substantial increase from $252,000 in 1987.
By 2017, the median price had risen to $950,000.
This trend continued, with the median home value reaching $1,375,994 in early 2025.
Recent Market Trends
As of January 2025, the median sale price for homes in Concord was $1,386,000, reflecting a slight decrease of 3.4% compared to the previous year.
Despite this minor dip, the long-term trend indicates a robust appreciation in property values.
Factors Influencing Price Changes
Several factors have contributed to the fluctuations in Concord's housing market:
Economic Conditions: Economic downturns, such as the 2008 financial crisis, temporarily slowed price growth.
Demand and Supply: Limited housing inventory coupled with high demand has consistently driven prices upward.
Local Developments: Improvements in infrastructure, schools, and community amenities have enhanced property values.
Current Market Snapshot
In January 2025, Concord's real estate market remained competitive, with homes typically selling after 34 days on the market.
The average price per square foot stood at $528.
Conclusion
Over the past 20 years, Concord's single-family home prices have demonstrated a strong upward trend, underscoring the town's appeal and the resilience of its real estate market. While short-term fluctuations occur, the overall trajectory points toward sustained growth, making Concord a desirable location for homeowners and investors alike.
