Is Union Mills, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Mills is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Union Mills, NC

How much do homes in Union Mills, NC cost?

Median Sold Price

$389,000

$237/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$64,000(+19.7%)

Key Takeaway

Homes in Union Mills have sold for 19.7% more than they did a year ago.

Summary: The median home sold price in Union Mills was $389,000 in March 2024, up 19.7% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $335K-
N/A
2 $320K$362.5K
+13.3%
3 $364.5K$385K
+5.6%
4 $401.5K$649K
+61.6%
5+ -$452.5K
N/A

Summary: Union Mills 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 13.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 61.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Camp Creek Township
+64.9%
Union Mills
+19.7%
Gilkey Township
+19.7%
Morgan Township
-5.7%

Housing Supply in Union Mills, NC

How many homes are available in Union Mills, NC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1112+9.1%

Summary: The Union Mills real estate market had 12 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 67
+16.7%
4 22
0.0%
5+ 11
0.0%

Summary: The Union Mills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 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 Mills, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Union Mills in March 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Union Mills, NC

How long does it take to sell a home in Union Mills, NC?

Average Sale Time

Mar 2023Mar 2024CHANGE
102 Days19 Days-80.9%

Summary: Homes in Union Mills had an average of 19 days on market in Mar 2024, down by 80.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 3 homes were sold in Union Mills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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 18 Days Ago

Newest Listings in Union Mills, NC

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