Is Union / Miles, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Union / Miles has remained a Seller's Market.
Key Takeaway
Union / Miles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union / Miles, OH
How much do homes in Union / Miles, OH cost?
Median Sold Price
$55,000
$35/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Union / Miles have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Union / Miles was $55,000 in April 2024, down 7.5% from last year, and the median price per square foot was $35.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $40K | $43K | +7.5% |
| 3 Bedrooms | $59.9K | $54.2K | -9.5% |
| 4 Bedrooms | $60K | $63K | +5.0% |
| 5+ Bedrooms | $90K | $56K | -37.8% |
Summary: Union / Miles housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 37.8%.
Housing Supply in Union / Miles, OH
How many homes are available in Union / Miles, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 120 | 126 | +5.0% |
Summary: The Union / Miles real estate market had 126 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 17 | 13 | -23.5% |
| 3 Bedrooms | 57 | 62 | +8.8% |
| 4 Bedrooms | 37 | 39 | +5.4% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Union / Miles housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 25 | -3.8% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union / Miles, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Union / Miles in April 2024, down by 3.8% month-over-month. Of the 25 sold homes, 72% were sold under asking, 12% were sold at asking, and 16% were sold over asking.
Days on Market for Union / Miles, OH
How long does it take to sell a home in Union / Miles, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 52 Days | 44 Days | -14.8% |
Summary: Homes in Union / Miles had an average of 44 days on market in Apr 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union / Miles are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 25 homes were sold in Union / Miles; 52% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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