Concord appreciation rates and housing market information

Concord housing market information

With a population of 16,993, 6,153 total housing units (homes and apartments), and a median house value of $798,261, Concord house prices are not only among the most expensive in Massachusetts, Concord real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Concord, accounting for 75.77% of the town's housing units. Other types of housing that are prevalent in Concord include duplexes, homes converted to apartments, or other small apartment buildings (9.62%), large apartment complexes or high rise apartments (8.94%), and a few row houses and other attached homes (5.56%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Concord. Owner-occupied housing accounts for 78.06% of Concord's homes, and 62.12% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Concord's housing was primarily built during this period, from the '40s through the '60s. A full 41.38% of the town's housing hails from this era. Other housing ages represented in Concord include homes built between 1970-1994 (27.66%), and housing constructed from 1939 and earlier (27.64%). There's also some housing in Concord built between 1995 and later (3.32%).

Concord home appreciation rates

Appreciation rates for homes in Concord have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.99%, which ranks in the top 30% nationwide. This equates to an annual average Concord house appreciation rate of 8.79%.

Over the last year, Concord appreciation rates have trailed the rest of the nation. In the last twelve months, Concord's appreciation rate has been -1.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Concord were at -0.04%, which equates to an annual appreciation rate of -0.16%.

Relative to Massachusetts, our data show that Concord's latest annual appreciation rate is higher than 85% of the other cities and towns in Massachusetts.