Is Union, OH 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 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 March 2023
Key Takeaway
Homes in Union have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Union was $190,000 in March 2024, up 5.8% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $150.6K | 0.4% |
| 3 Bedrooms | $172.1K | $181K | +5.1% |
| 4 Bedrooms | $297.4K | $223K | -25.0% |
| 5+ Bedrooms | $322.4K | $261.4K | -18.9% |
Summary: Union 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 0.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 18.9%.
Median Sold Price Compared To Nearby Cities
| West Milton | $163.5K | $195K | +19.3% |
| Clayton | $210K | $229K | +9.0% |
| Union Township | $185K | $200K | +8.1% |
| Union | $179.5K | $190K | +5.8% |
| Union City Township | $178K | $179.4K | +0.8% |
Housing Supply in Union, OH
How many homes are available in Union, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 32 | 0.0% |
Summary: The Union real estate market had 32 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 23 | 21 | -8.7% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Union 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 decreased by 8.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Union in March 2024, up by 37.5% month-over-month. Of the 11 sold homes, 18% were sold under asking, 36% were sold at asking, and 45% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 113 Days | 63 Days | -44.4% |
Summary: Homes in Union had an average of 63 days on market in Mar 2024, down by 44.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Union has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Union; 0% of homes were sold within 30 days, 82% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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