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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Union County has remained a Seller's Market.

Key Takeaway

Union County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Union County, GA cost?

Median Sold Price

$349,925

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$41,491(+13.5%)

Key Takeaway

Homes in Union County have sold for 13.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $128K$156.5K
+22.3%
2 $263.8K$289K
+9.5%
3 $311.4K$375K
+20.4%
4 $426.5K$563.3K
+32.1%
5+ $546K$597.5K
+9.4%

Median Sold Price Compared To Nearby Counties

Fannin County
+27.4%
White County
+15.3%
Towns County
+15.0%
Union County
+13.5%
Lumpkin County
+9.2%

How many homes are available in Union County, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
372350-5.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 2929
0.0%
2 7774
-3.9%
3 170153
-10.0%
4 7570
-6.7%
5+ 2124
+14.3%

Number of Homes Sold

Sep 2022Oct 2022%
9173-19.8%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

12 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 County, you may be able to get a good deal. 74.6% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
41 Days45 Days+8.6%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Union County, GA

Homes for sale in Union County, GA have reached 350. Between September 2022 and October 2022, Union County, GA real estate market has seen decrease in the number of listings by 5.9%. The median list price of listings available in October 2022 was $349,925, while the average time on the real estate market was 45 days. Listing prices have changed in this real estate market between September 2022 and October 2022: prices of 1 bedroom properties increased by 22.3%, prices of 2 bedrooms properties increased by 9.5%, 3 bedrooms properties prices increased by 20.4%, prices of 4 bedrooms properties went up by 32.1%, the cost of 5 bedrooms properties went up by 9.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, number of 2 bedrooms homes decreased by 3.9%, number of 3 bedrooms homes decreased by 10%, the quantity of 4 bedrooms homes went down by 6.7%, volume of 5 bedrooms homes went up by 14.3%. Over 6 listings were sold over their listed price in October 2022 in Union County, GA. In the same period over 53 listings were sold below the listed price and 12 listings were sold for the listed price.

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