Is Union City, GA 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 City has remained a Seller's Market.
Housing Prices in Union City, GA
How much do homes in Union City, GA cost?
Median Sold Price
$265,562
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Union City was $265,562 in March 2024, down 8.4% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100.9K | $84K | -16.8% |
2 Bedrooms | $130K | $195K | +50.0% |
3 Bedrooms | $257.3K | $244.5K | -5.0% |
4 Bedrooms | $342.6K | $338K | -1.3% |
5+ Bedrooms | $437.9K | $390K | -10.9% |
Summary: Union City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.8%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 10.9%.
Median Sold Price Compared To Nearby Cities
Fairburn | $339.9K | $348.5K | +2.5% |
College Park | $370K | $373K | +0.8% |
Fairburn-Union City | $286.4K | $281.4K | -1.8% |
Union City | $290K | $265.5K | -8.4% |
Housing Supply in Union City, GA
How many homes are available in Union City, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
190 | 201 | +5.8% |
Summary: The Union City real estate market had 201 homes for sale in March 2024, a 5.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 95 | 104 | +9.5% |
4 Bedrooms | 46 | 52 | +13.0% |
5+ Bedrooms | 32 | 29 | -9.4% |
Summary: The Union City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 9.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 45 | +55.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Union City in March 2024, up by 55.2% month-over-month. Of the 40 sold homes, 48% were sold under asking, 20% were sold at asking, and 33% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 34 Days | -5.2% |
Summary: Homes in Union City had an average of 34 days on market in Mar 2024, down by 5.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 45 homes were sold in Union City; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.