Is Union, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, 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, OH

How much do homes in Union, OH cost?

Median Sold Price

$190,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+5.6%)

Key Takeaway

Homes in Union have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Union was $190,000 in February 2024, up 5.6% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $149.9K$150.6K
0.5%
3 $175K$183K
+4.6%
4 $277.5K$231.5K
-16.6%
5+ $385K$252.9K
-34.3%

Summary: Union housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 16.6%, and 5+ bedroom homes decreased by 34.3%.

Median Sold Price Compared To Nearby Cities

West Milton
+11.6%
Clayton
+9.6%
Union
+5.6%
Union Township
+5.2%
Union City Township
-2.3%

Housing Supply in Union, OH

How many homes are available in Union, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2832+14.3%

Summary: The Union real estate market had 32 homes for sale in February 2024, a 14.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2023
+15.0%
4 65
-16.7%
5+ 01
+100.0%

Summary: The Union housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Union in February 2024, up by 14.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Union, OH

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

Average Sale Time

Feb 2023Feb 2024CHANGE
103 Days49 Days-51.7%

Summary: Homes in Union had an average of 49 days on market in Feb 2024, down by 51.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Union has remained consistent over time.

Summary: During February 2024, 8 homes were sold in Union; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% 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, OH

Nearby Markets to Union, OH

What housing markets are near Union, OH?