Concord, North Carolina Housing Market

What stands out in Concord?

• Population is up 13.8% over five years: among the fastest population growth of 763 tracked cities. Growth brings tenants and buyers.

Is housing keeping up with Concord's growth?

The population in Concord's ZIP codes grew 13.8% over five years, faster than 91% of the cities we track. Housing grew faster (+15.9%) than households (+14.0%). New supply is keeping up, so rents and prices have competition. Homes for sale are 12% above 2017–2019 at this time of year.

Is now a good time to buy in Concord?

The median asking price is 3.2% below its Mar 2026 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Concord prices have risen in 88 of the last 111 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

How does Concord compare with other North Carolina markets?

Ranked among the 21 North Carolina markets we track:

• Asking price: 8th priciest of 21. Concord is at $436,702. Closest: Charlotte and Raleigh.
• Buyer competition: 4th most competitive of 21. Concord is at 0.45 buyers per home. Closest: Huntersville and Hickory.
• Time on market: 6th shortest time on market of 21. Concord is at a median of 61 days on market. Closest: Chapel Hill and Durham.
• Price cuts: 3rd most price cuts of 21. Concord is at 27% of sellers cutting. Closest: Apex and Charlotte.

How much can you negotiate in Concord?

For every 100 homes still for sale, 45 are under contract. In 2017–2019 at this time of year it was 48. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Concord listings spend a median 61 days on the market. There are 421 homes for sale in Concord. That is the most in ten years. It is 6 times the low of Feb 2022. Every one of them competes with the house you want.

What to do about it

• Judge each listing on its own.
• Homes listed 90+ days ago with a price cut are where your discount is.
• Fresh, well-priced homes will not move on price. Do not waste offers on them.

Who will rent from you in Concord?

In Concord, 34 out of every 100 households rent. Most own their home. The renter share is growing. Five years ago it was 30 in 100. Concord added about 3,700 renter households in five years. Renter households here average 2.6 people. Families rent here. Buy bedrooms. Studios will sit.

The median Concord household earns $86,975 a year. Incomes here have grown 5.3% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 5.0 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,174 a month.

To see what one Concord address would rent for and cash flow, run it through the app.

What numbers should you underwrite a Concord deal with?

• Price growth to assume — +4.0%/yr. Concord grew 6.8% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Concord grows about 4.0% a year. That is the number to type in. Prices rose 3.0% over the last year. Use it for timing. The five-year rate is the better guide.
• Odds you cut your price to sell — 1 in 4. 27% of Concord listings have cut their asking price. Underwrite your exit below asking.
• Comp on price per square foot — $209/sqft. The typical Concord listing shrank from 2,507 to 2,040 sqft since Jul 2016. So median price hides real growth: 95% per sqft versus 58% on the median. Comp on median price and you will overpay for small homes.
• Competition when you exit — +7%. Homes for sale in Concord are up 7% on last year, so your resale faces more competition than today's comps did.

Read how population change affects rentals and how we read these numbers, then run the numbers on a deal.

What is the median home price in Concord?

The median asking price in Concord is about $437,000 as of Sep 2026, up 4.9% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Concord figures cover the 3 ZIP codes with a Concord mailing address, which can reach past city limits.

Is Concord a buyer's or seller's market in 2026?

Neither side has the upper hand in Concord right now. We compare Concord with 2017–2019 at this time of year: listings spend 16% more days on the market; there are 12% more homes for sale; there are 45 pending sales per 100 listings, against 48 then.

Are Concord home prices going up or down?

The median asking price is 3.2% below its Mar 2026 peak. You are not buying at the top. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.

What is the best month to buy a house in Concord?

Across 9 full years, Concord asking prices ran lowest in February, about 5.5% below the year's average. They peaked in June. The most homes for sale show up in November, about 11% above the yearly average.

Are there more homes for sale in Concord than before the pandemic?

Yes. There are 421 homes for sale, 12% more than in 2017–2019 at this time of year.

What is the fair market rent in Concord?

HUD's fiscal year 2026 fair market rent for Cabarrus County is $1,686 a month for 2 bedrooms and $2,076 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.