Is Union Park, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$395,125
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Union Park have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Union Park was $395,125 in March 2024, up 0.9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $177K | $175K | -1.1% |
| 2 Bedrooms | $250K | $265K | +6.0% |
| 3 Bedrooms | $365K | $375K | +2.7% |
| 4 Bedrooms | $470.6K | $479.4K | +1.9% |
| 5+ Bedrooms | $563.6K | $608.6K | +8.0% |
Summary: Union Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Orlando | $360.1K | $379.9K | +5.5% |
| Casselberry-Altamonte Springs | $351.8K | $367.5K | +4.5% |
| East Orange | $520.5K | $529.5K | +1.7% |
| Union Park | $391.5K | $395.1K | +0.9% |
Housing Supply in Union Park, FL
How many homes are available in Union Park, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 618 | 623 | +0.8% |
Summary: The Union Park real estate market had 623 homes for sale in March 2024, a 0.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 60 | 56 | -6.7% |
| 3 Bedrooms | 276 | 287 | +4.0% |
| 4 Bedrooms | 215 | 212 | -1.4% |
| 5+ Bedrooms | 58 | 58 | 0.0% |
Summary: The Union Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 142 | 176 | +23.9% |
Asking Price vs. Sold Price
102 Homes Were Sold
Under Asking
37 Homes Were Sold
At Asking
37 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. 58% of homes here sold below asking price last month.
Summary: A total of 176 homes were sold or pending in Union Park in March 2024, up by 23.9% month-over-month. Of the 176 sold homes, 58% were sold under asking, 21% were sold at asking, and 21% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 35 Days | -11.7% |
Summary: Homes in Union Park had an average of 35 days on market in Mar 2024, down by 11.7% compared to last year.
Breakdown of Home Sale Times
109 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
20 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 March 2024, 176 homes were sold in Union Park; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. 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. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.