Is Union Park, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Park is a seller's market

Buyer's
Market

Difference Since September 2023

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

$401,518

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,166(+2.6%)

Key Takeaway

Homes in Union Park have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in Union Park was $401,518 in September 2024, up 2.6% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $175K$184.9K
+5.7%
2 $250K$268K
+7.2%
3 $370K$379.9K
+2.7%
4 $467.6K$485K
+3.7%
5+ $575K$603K
+4.9%

Summary: Union Park housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 4.9%.

Median Sold Price Compared To Nearby Cities

Casselberry-Altamonte Springs
+4.3%
Orlando
+4.2%
Union Park
+2.6%
East Orange
+0.8%

Housing Supply in Union Park, FL

How many homes are available in Union Park, FL?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
757693-8.5%

Summary: The Union Park real estate market had 693 homes for sale in September 2024, a 8.5% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 98
-11.1%
2 7369
-5.5%
3 323308
-4.6%
4 267237
-11.2%
5+ 8571
-16.5%

Summary: The Union Park housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 5.5%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes decreased by 16.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
185127-31.4%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Park, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.

Summary: A total of 127 homes were sold or pending in Union Park in September 2024, down by 31.4% month-over-month. Of the 127 sold homes, 57% were sold under asking, 27% were sold at asking, and 16% 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

Sep 2023Sep 2024CHANGE
21 Days34 Days+58.3%

Summary: Homes in Union Park had an average of 34 days on market in Sep 2024, up by 58.3% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Union Park are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 127 homes were sold in Union Park; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Union Park, FL

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