Is Union County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Union County was a Seller's Market.
Housing Prices in Union County, TN
How much do homes in Union County, TN cost?
Median Sold Price
$293,900
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Union County was $293,900 in March 2024, up 2% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $366.6K | N/A |
2 Bedrooms | $230K | $223.9K | -2.7% |
3 Bedrooms | $290K | $291.4K | 0.5% |
4 Bedrooms | $336K | $384.5K | +14.4% |
5+ Bedrooms | $592.4K | $1.4M | +149.0% |
Summary: Union County 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 decreased by 2.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 149%.
Median Sold Price Compared To Nearby Counties
Anderson County | $288.6K | $320K | +10.9% |
Campbell County | $224.2K | $230.7K | +2.9% |
Union County | $288.2K | $293.9K | +2.0% |
Grainger County | $266K | $268K | +0.8% |
Claiborne County | $229K | $225.1K | -1.7% |
Housing Supply in Union County, TN
How many homes are available in Union County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
56 | 66 | +17.9% |
Summary: The Union County real estate market had 66 homes for sale in March 2024, a 17.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 28 | 35 | +25.0% |
4 Bedrooms | 18 | 18 | 0.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Union County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Union County in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Union County, TN
How long does it take to sell a home in Union County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 35 Days | -31.7% |
Summary: Homes in Union County had an average of 35 days on market in Mar 2024, down by 31.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Union County; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.