Living in Concord, NC
Concord, NC, is a charming city with a perfect blend of suburban tranquility and urban excitement. Known for its historic charm, top-notch educational institutions, and vibrant local amenities, Concord offers a diverse range of recreational activities and is just a short drive from Charlotte's bustling city life. It’s an ideal place for families and professionals alike, making it a highly sought-after location for homebuyers.
Current Market Conditions in Concord, NC
As of 2023, Concord's real estate market continues to flourish, with a steady increase in home sales and a healthy demand for properties. The average home price has seen a rise, primarily due to the area’s desirable location near Charlotte, strong employment rates, and a growing population looking for affordable housing options. Resident interest remains high in single-family homes, as well as townhouses and condominiums.
Comparatively, the entry-level homes have witnessed significant interest due to rising rent prices, prompting first-time buyers to consider homeownership as a viable option in Concord.
Home Value Estimator For Concord, NC
There are currently 48,467 real estate properties
in Concord, NC,
with a median automated valuation model (AVM) price
of $360,291.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Concord, NC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Concord, NC,
is $475,581.00, with the most expensive house
in Concord, NC, topping out
at $107,895,616.00 and the cheapest home
in Concord, NC,
clocking in at $14,388.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Concord, NC!
Rent Prices
In Concord, NC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Concord, NC, is on
a rollercoaster ride. The
average rent price in Concord, NC,
is $1,284.00. Indeed, when looking to rent in
Concord, NC, you can expect to pay as little
as $550.00 or as much
as $3,860.00,
with the average rent median estimated to
be $1,190.00. The good news is that finding
an affordable and desirable property to rent in Concord, NC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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