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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Union was a Neutral Market.

Key Takeaway

Union is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Union, SC

How much do homes in Union, SC cost?

Median Sold Price

$159,500

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$500(-0.3%)

Key Takeaway

The sold price of homes in Union has remained the same since last year.

Summary: The median home sold price in Union was $159,500 in September 2024, down 0.3% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $37.5K$46K
+22.7%
2 $129.5K$124.9K
-3.5%
3 $156.2K$167.4K
+7.2%
4 $231K$243K
+5.2%
5+ $259.9K-
N/A

Summary: Union housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.7%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes did not change.

Housing Supply in Union, SC

How many homes are available in Union, SC?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5568+23.6%

Summary: The Union real estate market had 68 homes for sale in September 2024, a 23.6% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 3439
+14.7%
4 913
+44.4%
5+ 23
+50.0%

Summary: The Union housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 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. 60% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Union in September 2024, up by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
31 Days35 Days+12.2%

Summary: Homes in Union had an average of 35 days on market in Sep 2024, up by 12.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Union are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Union; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Union, SC

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