Is Union City, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union City is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Union City was a Seller's Market.

Key Takeaway

Union City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Union City, GA

How much do homes in Union City, GA cost?

Median Sold Price

$265,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$25,000(-8.6%)

Key Takeaway

Homes in Union City have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Union City was $265,000 in February 2024, down 8.6% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $84.4K$84K
-0.5%
2 $138K$182.5K
+32.2%
3 $256K$245K
-4.3%
4 $343K$340K
-0.9%
5+ $431.2K$388K
-10.0%

Summary: Union City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 32.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Cities

Fairburn
+4.2%
College Park
+0.8%
Fairburn-Union City
-1.8%
Union City
-8.6%

Housing Supply in Union City, GA

How many homes are available in Union City, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
155193+24.5%

Summary: The Union City real estate market had 193 homes for sale in February 2024, a 24.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1114
+27.3%
3 8597
+14.1%
4 3249
+53.1%
5+ 2531
+24.0%

Summary: The Union City housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 14.1%, 4 bedroom homes increased by 53.1%, and 5+ bedroom homes increased by 24%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1633+106.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union City, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Union City in February 2024, up by 106.3% month-over-month. Of the 27 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Union City, GA

How long does it take to sell a home in Union City, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
28 Days41 Days+46.7%

Summary: Homes in Union City had an average of 41 days on market in Feb 2024, up by 46.7% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 33 homes were sold in Union City; 55% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 15% 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 1 Day Ago

Newest Listings in Union City, GA

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