Is Union Township, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Township is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Union Township was a Buyer's Market.

Key Takeaway

Union Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Union Township, PA

How much do homes in Union Township, PA cost?

Median Sold Price

$129,750

$100/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$6,250(+5.1%)

Key Takeaway

Homes in Union Township have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Union Township was $129,750 in February 2024, up 5.1% from last year, and the median price per square foot was $100.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $101.7K$115K
+13.0%
3 $134.9K$143.2K
+6.2%
4 $187K$137.3K
-26.6%
5+ --
N/A

Summary: Union Township 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 13%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 26.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Castle
+78.6%
Union Township
+5.1%
Neshannock Township
-1.7%
Edinburg
-2.2%
Mahoning Township
-3.2%

Housing Supply in Union Township, PA

How many homes are available in Union Township, PA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1920+5.3%

Summary: The Union Township real estate market had 20 homes for sale in February 2024, a 5.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1315
+15.4%
4 22
0.0%
5+ 00
0.0%

Summary: The Union Township 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 decreased by 25%, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Union Township in February 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Union Township, PA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
134 Days87 Days-34.7%

Summary: Homes in Union Township had an average of 87 days on market in Feb 2024, down by 34.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Union Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 4 homes were sold in Union Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

Newest Listings in Union Township, PA

Nearby Markets to Union Township, PA

What housing markets are near Union Township, PA?