Is Union, SC 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, SC
How much do homes in Union, SC cost?
Median Sold Price
$165,800
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Union have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Union was $165,800 in March 2024, up 5.9% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | $41.2K | +28.9% |
| 2 Bedrooms | $85.2K | $135K | +58.4% |
| 3 Bedrooms | $158.9K | $167K | +5.1% |
| 4 Bedrooms | $199.2K | $230K | +15.4% |
| 5+ Bedrooms | $325K | $351K | +8.0% |
Summary: Union housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.9%, 2 bedroom homes increased by 58.4%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 8%.
Housing Supply in Union, SC
How many homes are available in Union, SC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +11.6% |
Summary: The Union real estate market had 48 homes for sale in March 2024, a 11.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 11 | 14 | +27.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Union housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 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. 55.6% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in Union in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Union, SC
How long does it take to sell a home in Union, SC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 55 Days | +344.9% |
Summary: Homes in Union had an average of 55 days on market in Mar 2024, up by 344.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Union; 44% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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