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 buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

Union County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Union County, GA

How much do homes in Union County, GA cost?

Median Sold Price

$403,400

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$38,400(+10.5%)

Key Takeaway

Homes in Union County have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Union County was $403,400 in March 2024, up 10.5% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $166K$190K
+14.5%
2 $293K$295K
+0.7%
3 $386.7K$439.8K
+13.7%
4 $542.9K$580K
+6.8%
5+ $635K$700K
+10.2%

Summary: Union County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 13.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 10.2%.

Median Sold Price Compared To Nearby Counties

White County
+11.6%
Union County
+10.5%
Towns County
+3.9%
Lumpkin County
+2.9%
Fannin County
-2.7%

Housing Supply in Union County, GA

How many homes are available in Union County, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
276341+23.6%

Summary: The Union County real estate market had 341 homes for sale in March 2024, a 23.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 2128
+33.3%
2 5981
+37.3%
3 127148
+16.5%
4 5059
+18.0%
5+ 1925
+31.6%

Summary: The Union County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 37.3%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 31.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 86.4% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Union County in March 2024, up by 12.5% month-over-month. Of the 22 sold homes, 86% were sold under asking, 9% were sold at asking, and 5% were sold over asking.

Days on Market for Union County, GA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
68 Days56 Days-16.9%

Summary: Homes in Union County had an average of 56 days on market in Mar 2024, down by 16.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

11 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 County are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 27 homes were sold in Union County; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 19% 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 19 Days Ago

Newest Listings in Union County, GA

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