$1,663 Closing Credit*
$140,000
443 SqFt
1 Bed
•1 Full Bath
Listing Office: EXP REALTY LLC
Is Union City, NJ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Union City was a Seller's Market.
Key Takeaway
Union City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Union City, NJ
How much do homes in Union City, NJ cost?
Median Sold Price
$459,500
$436/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,000(+6.2%)
Key Takeaway
Homes in Union City have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Union City was $459,500 in November 2024, up 6.2% from last year, and the median price per square foot was $436.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $304.3K | -1.8% |
| 2 Bedrooms | $399K | $465K | +16.5% |
| 3 Bedrooms | $670K | $690K | +3.0% |
| 4 Bedrooms | $625K | $592.5K | -5.2% |
| 5+ Bedrooms | $720.9K | $758.5K | +5.2% |
Summary: Union City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Weehawken Township | $882.5K | $960K | +8.8% |
| Weehawken | $880K | $938K | +6.6% |
| Union City | $432.5K | $459.5K | +6.2% |
| Hoboken | $842.8K | $887.5K | +5.3% |
| North Bergen | $549.9K | $522.5K | -5.0% |
Housing Supply in Union City, NJ
How many homes are available in Union City, NJ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 137 | 114 | -16.8% |
Summary: The Union City real estate market had 114 homes for sale in November 2024, a 16.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 20 | -39.4% |
| 2 Bedrooms | 40 | 32 | -20.0% |
| 3 Bedrooms | 14 | 11 | -21.4% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 38 | 41 | +7.9% |
Summary: The Union City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 39.4%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 7.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 18 | -35.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union City, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Union City in November 2024, down by 35.7% month-over-month. Of the 11 sold homes, 18% were sold under asking, 18% were sold at asking, and 64% were sold over asking.
Days on Market for Union City, NJ
How long does it take to sell a home in Union City, NJ?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 53 Days | +200.7% |
Summary: Homes in Union City had an average of 53 days on market in Nov 2024, up by 200.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Union City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Union City; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) 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. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. 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 © 2024 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting. Copyright 2024, CENTRAL JERSEY MULTIPLE LISTING SYSTEM. All Rights Reserved. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM retains all rights, title and interest in and to its trademarks, service marks and copyrighted material.