Is Union Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Union Park has remained a Seller's Market.
Key Takeaway
Union Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Park, FL
How much do homes in Union Park, FL cost?
Median Sold Price
$393,071
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Union Park have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Union Park was $393,071 in November 2023, up 1.4% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170.5K | $175K | +2.6% |
| 2 Bedrooms | $248.2K | $250K | +0.7% |
| 3 Bedrooms | $360K | $370K | +2.8% |
| 4 Bedrooms | $464K | $466.8K | +0.6% |
| 5+ Bedrooms | $550K | $585K | +6.4% |
Summary: Union Park housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
| Orlando | $350.1K | $375K | +7.1% |
| East Orange | $506.4K | $525K | +3.7% |
| Casselberry-Altamonte Springs | $349.9K | $360.2K | +3.0% |
| Union Park | $387.5K | $393K | +1.4% |
Housing Supply in Union Park, FL
How many homes are available in Union Park, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 549 | 520 | -5.3% |
Summary: The Union Park real estate market had 520 homes for sale in November 2023, a 5.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 50 | 59 | +18.0% |
| 3 Bedrooms | 249 | 244 | -2.0% |
| 4 Bedrooms | 193 | 164 | -15.0% |
| 5+ Bedrooms | 50 | 46 | -8.0% |
Summary: The Union Park housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 163 | 119 | -27.0% |
Asking Price vs. Sold Price
66 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Park, you may be able to get a good deal. 55.5% of homes here sold below asking price last month.
Summary: A total of 119 homes were sold or pending in Union Park in November 2023, down by 27.0% month-over-month. Of the 119 sold homes, 55% were sold under asking, 23% were sold at asking, and 22% were sold over asking.
Days on Market for Union Park, FL
How long does it take to sell a home in Union Park, FL?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -13.9% |
Summary: Homes in Union Park had an average of 26 days on market in Nov 2023, down by 13.9% compared to last year.
Breakdown of Home Sale Times
75 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union Park are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 119 homes were sold in Union Park; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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