Is Union County, NC 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 County has remained a Seller's Market.
Housing Prices in Union County, NC
How much do homes in Union County, NC cost?
Median Sold Price
$456,333
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Union County was $456,333 in March 2024, up 2.6% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $155K | -51.6% |
2 Bedrooms | $261.5K | $285K | +9.0% |
3 Bedrooms | $360.4K | $373.3K | +3.6% |
4 Bedrooms | $513.6K | $509.8K | -0.7% |
5+ Bedrooms | $720.8K | $756.3K | +4.9% |
Summary: Union County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 51.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Counties
Anson County | $148K | $166.2K | +12.3% |
Stanly County | $273.1K | $299.9K | +9.8% |
Mecklenburg County | $414.9K | $429.5K | +3.5% |
Union County | $444.6K | $456.3K | +2.6% |
Cabarrus County | $340.8K | $341.7K | 0.3% |
Housing Supply in Union County, NC
How many homes are available in Union County, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
719 | 818 | +13.8% |
Summary: The Union County real estate market had 818 homes for sale in March 2024, a 13.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 42 | 55 | +31.0% |
3 Bedrooms | 317 | 332 | +4.7% |
4 Bedrooms | 222 | 265 | +19.4% |
5+ Bedrooms | 138 | 165 | +19.6% |
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 100%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 19.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
181 | 220 | +21.5% |
Asking Price vs. Sold Price
97 Homes Were Sold
Under Asking
58 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Summary: A total of 220 homes were sold or pending in Union County in March 2024, up by 21.5% month-over-month. Of the 220 sold homes, 44% were sold under asking, 26% were sold at asking, and 30% were sold over asking.
Days on Market for Union County, NC
How long does it take to sell a home in Union County, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
42 Days | 31 Days | -24.0% |
Summary: Homes in Union County had an average of 31 days on market in Mar 2024, down by 24% compared to last year.
Breakdown of Home Sale Times
138 Homes Were Sold
Under 30 Days
60 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 220 homes were sold in Union County; 63% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.