Is Union County, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Union County was a Seller's Market.
Key Takeaway
Union County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Union County, IL
How much do homes in Union County, IL cost?
Median Sold Price
$128,250
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Union County have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Union County was $128,250 in May 2024, up 6.9% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $60K | $70K | +16.7% |
| 3 Bedrooms | $134.7K | $148.7K | +10.4% |
| 4 Bedrooms | $175K | $207.2K | +18.4% |
| 5+ Bedrooms | $355K | $285K | -19.7% |
Summary: Union County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Counties
| Johnson County | $153K | $191.5K | +25.2% |
| Jackson County | $121K | $132.5K | +9.5% |
| Union County | $120K | $128.2K | +6.9% |
Housing Supply in Union County, IL
How many homes are available in Union County, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 58 | -7.9% |
Summary: The Union County real estate market had 58 homes for sale in May 2024, a 7.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 17 | 10 | -41.2% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Union County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 41.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 7 | -58.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union County, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Union County in May 2024, down by 58.8% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Union County, IL
How long does it take to sell a home in Union County, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 13 Days | -62.0% |
Summary: Homes in Union County had an average of 13 days on market in May 2024, down by 62% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Union County; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.