Is Concord, IL 62631 a buyer’s or seller’s market?
Concord is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Concord housing market right now
In the three months ending August 31, 2026, 0% of homes in Concord, IL 62631 sold above their list price and the typical home went under contract in 46 days. With only 2 sales, these figures can swing a lot from month to month.
The median sale price was $82,464, or about $79 per square foot.
Within Morgan County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Chapin 62628 (50% sold over asking) and Murrayville 62668 (50% sold over asking) are even more competitive.
Run the numbers for 62631
Nearby markets
Alexander 62601 — /sq ftChapin 62628 $55 /sq ftFranklin 62638 $61 /sq ftJacksonville 62650Seller’s market $90 /sq ft Browse all markets →Where Concord is
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Questions about Concord real estate
How fast do homes sell in Concord?
The typical home went under contract in 46 days in the latest three months.
Do homes in Concord sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Concord?
About 1.76% of a home’s value a year in Morgan County, or roughly $7,040 on a $400,000 home.
What is the median home price in Concord?
The median sale price was $82,464 in the three months ending August 31, 2026, about $79 per square foot.
Local agents
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More tools for 62631
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology