Is Union, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Union has remained a Seller's Market.
Key Takeaway
Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union, NE
How much do homes in Union, NE cost?
Median Sold Price
$294,000
$176/sqft
Based on all homes sold in November 2023.
Difference Since Last Month
Key Takeaway
Homes in Union have sold for 6.5% more than they did a month ago.
Summary: The median home sold price in Union was $294,000 in November 2023, up 6.5% from last month, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $255K | - | N/A |
| 3 Bedrooms | $272K | $279.9K | +2.9% |
| 4 Bedrooms | $389.8K | $310.9K | -20.2% |
| 5+ Bedrooms | $250K | $317.6K | +27.0% |
Summary: Union housing prices by bedroom type for November 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 20.2%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| Union | $276K | $294K | +6.5% |
| Florence | $450K | $475K | +5.6% |
| Omaha | $274.8K | $278K | +1.2% |
Housing Supply in Union, NE
How many homes are available in Union, NE?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 123 | 103 | -16.3% |
Summary: The Union real estate market had 103 homes for sale in November 2023, a 16.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 88 | 67 | -23.9% |
| 4 Bedrooms | 29 | 32 | +10.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Union housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 23.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 32 | 22 | -31.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Union in November 2023, down by 31.3% month-over-month. Of the 20 sold homes, 30% were sold under asking, 45% were sold at asking, and 25% were sold over asking.
Days on Market for Union, NE
How long does it take to sell a home in Union, NE?
Average Sale Time
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 6 Days | 10 Days | +47.4% |
Summary: Homes in Union had an average of 10 days on market in Nov 2023, up by 47.4% compared to last month.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 22 homes were sold in Union; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2023 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.