Is Now A Good Time to Buy a Home in Concord, CA? | August 2025 Housing Market Insights

Ron Melvin
Aug 11
3 min read

Short answer: Yes! Now is a great time to buy a home in Concord, CA—and here’s why: home prices are down, inventory is up, and buyers have more options than they’ve had in years. Higher inventory means less competition, which keeps prices lower and makes buying a home in Concord easier.

If you’ve been waiting for the right time to jump into the market, this could be it.

Why August 2025 is the Perfect Opportunity for Concord Home Buyers

Our local real estate data shows that Concord home prices have dropped while inventory has risen. This combination is rare in the East Bay market and creates a favorable buying environment.

First Image Insight: A line graph showing average annual prices for both Central Contra Costa County and Concord, CA (as of August 5 for each year since 2017) reveals that 2025 prices are down—and Concord follows the same pricing trends as Central Contra Costa County.

Second Image Insight: Monthly average prices for Central Contra Costa since 2021 show that July 2025 prices dipped below even 2021 levels. While we expect a price rebound in August or September, this dip signals a short-term buying opportunity. Historically, late-summer price spikes are followed by a seasonal year-end decline, giving buyers leverage.

Key Market Data – August 2025 Concord Housing Market

Our third chart compares Central Contra Costa County data with the overall East Bay, confirming that Concord’s numbers move in sync with county trends:

A. Median Home Prices

Down about 1% in Concord compared to last year.

B. Number of Homes Sold

Down 1% year-over-year.
Sales dropped 31% between 2022 and 2023 (when interest rates started rising) and have been flat since.

C. Number of Homes Listed

Up 10%—leading to the highest Home Availability Index in five years.
This means more homes available for every buyer in the market, giving buyers more choice and less competition.

D. Listing Cancellations & Expirations

Up 45% in 2025 after a 49% increase in 2024.
In 2025, 23% of all listings expired or were canceled—a sign that not all sellers are finding buyers.

E. Days on Market

Homes that sold in 2025 took an average of 27 days to sell (up from 24 in 2024).
Active and expired listings often sit even longer.

Why High Inventory is Great for Concord Buyers

When there are more homes for sale and fewer buyers competing, the balance of power shifts toward buyers. In Concord right now:

More Options: You’re not forced to bid on the first house you see.
Lower Competition: Fewer multiple-offer situations.
Better Prices: Sellers are more open to negotiation.
Easier Process: Less pressure to waive contingencies or rush decisions.

What This Means if You’re Selling to Buy

If you need to sell a home in order to buy another, this market still offers opportunity:

You may sell for slightly less than in the peak market, but…
Buying your next home will be cheaper and easier.
As the market recovers, your new home will appreciate faster, helping you grow equity at an accelerated pace.

Final Word – The Window is Open

The combination of lower prices, higher inventory, and reduced competition makes August 2025 a prime time to buy a home in Concord, CA. Market conditions like this don’t last forever—once interest rates drop or buyer confidence returns, competition will heat back up.

If you’re serious about buying in Concord, Pleasant Hill, Walnut Creek, or Martinez, now is the time to get a plan in place. I can help you find the right home, negotiate the best terms, and take advantage of this unique market moment.

Watch the Full Market Breakdown on YouTube

I cover these trends in more detail in my video: Is Now a Good Time to Buy a Home in Concord, CA? | August 2025 Housing Market Insights Read more: Real Estate Blogs