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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Point is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Union Point, GA

How much do homes in Union Point, GA cost?

Median Sold Price

$187,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,000(+10.0%)

Key Takeaway

Homes in Union Point have sold for 10% more than they did a year ago.

Summary: The median home sold price in Union Point was $187,000 in March 2024, up 10% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $118K$210K
+78.0%
3 $178.9K$175.2K
-2.0%
4 $192.5K$275K
+42.9%
5+ $218K$299K
+37.2%

Summary: Union Point housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 78%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 37.2%.

Housing Supply in Union Point, GA

How many homes are available in Union Point, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
16160.0%

Summary: The Union Point real estate market had 16 homes for sale in March 2024, the same as February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 22
0.0%
3 88
0.0%
4 54
-20.0%
5+ 11
0.0%

Summary: The Union Point housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Point, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Union Point in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Union Point, GA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
63 Days73 Days+15.4%

Summary: Homes in Union Point had an average of 73 days on market in Mar 2024, up by 15.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Union Point are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 6 homes were sold in Union Point; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 25 Days Ago

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