Is Union County, NC 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, NC cost?

Median Sold Price

$439,370

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$67,581(+18.2%)

Key Takeaway

Homes in Union County have sold for 18.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $164.5K$150K
-8.8%
2 $223.6K$240K
+7.3%
3 $294.7K$351K
+19.1%
4 $409.9K$508.8K
+24.1%
5+ $599.9K$703.6K
+17.3%

Median Sold Price Compared To Nearby Counties

Stanly County
+19.4%
Cabarrus County
+18.3%
Union County
+18.2%
Mecklenburg County
+17.0%
Lancaster County
+13.0%

How many homes are available in Union County, NC?

Number of Homes For Sale

Sep 2022Oct 2022%
1,062957-9.9%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 11
0.0%
2 6750
-25.4%
3 440410
-6.8%
4 334308
-7.8%
5+ 220188
-14.5%

Number of Homes Sold

Sep 2022Oct 2022%
325236-27.4%

Asking Price vs. Sold Price

125 Homes Were Sold
Under Asking

48 Homes Were Sold
At Asking

63 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. 53% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
13 Days24 Days+75.3%

Breakdown of Home Sale Times

161 Homes Were Sold
Under 30 Days

66 Homes Were Sold
In 30 - 90 Days

7 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, NC

Homes for sale in Union County, NC have reached 957. The inventory of homes for sale in Union County, NC between September 2022 and October 2022 decreased by 9.9%. In October 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $439,370. Between September 2022 and October 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 8.8%, 2 bedrooms properties prices increased by 7.3%, 3 bedrooms properties became 19.1% more expensive, prices of 4 bedrooms properties went up by 24.1%, the cost of 5 bedrooms properties went up by 17.3%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 25.4%, number of 3 bedrooms homes decreased by 6.8%, number of 4 bedrooms homes decreased by 7.8%, number of 5 bedrooms homes decreased by 14.5%. Over 63 listings were sold over their listed price in October 2022 in Union County, NC. In the same period over 125 listings were sold below the listed price and 48 listings were sold for the listed price.

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