Is Union County, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Union County has remained a Seller's Market.
Key Takeaway
Union County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union County, AR
How much do homes in Union County, AR cost?
Median Sold Price
$60,000
$45/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Union County have sold for 67.5% less than they did a month ago.
Summary: The median home sold price in Union County was $60,000 in April 2024, down 67.5% from last month, and the median price per square foot was $45.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $106.5K | $39K | -63.4% |
| 3 Bedrooms | $131.9K | $60K | -54.5% |
| 4 Bedrooms | $227.4K | $248.7K | +9.4% |
| 5+ Bedrooms | $450K | $52K | -88.4% |
Summary: Union County housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 63.4%, 3 bedroom homes decreased by 54.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 88.4%.
Median Sold Price Compared To Nearby Counties
| Ouachita County | $137.5K | $102.7K | -25.3% |
| Union County | $184.5K | $60K | -67.5% |
Housing Supply in Union County, AR
How many homes are available in Union County, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 95 | 102 | +7.4% |
Summary: The Union County real estate market had 102 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 48 | 47 | -2.1% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Union County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 19 | +11.8% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Union County in April 2024, up by 11.8% month-over-month. Of the 15 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Union County, AR
We’re sorry, we don't have information for this market at the moment
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.