Is Union Point, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Point is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Union Point has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Union Point, GA

How much do homes in Union Point, GA cost?

Median Sold Price

$187,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$17,000(+10.0%)

Key Takeaway

Homes in Union Point have sold for 10% more than they did a year ago.

Summary: The median home sold price in Union Point was $187,000 in April 2024, up 10% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $118K$195K
+65.3%
3 $178.9K$172K
-3.9%
4 $192.5K$275K
+42.9%
5+ $218K$299K
+37.2%

Summary: Union Point 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 65.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 37.2%.

Housing Supply in Union Point, GA

How many homes are available in Union Point, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1514-6.7%

Summary: The Union Point real estate market had 14 homes for sale in April 2024, a 6.7% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 22
0.0%
3 86
-25.0%
4 34
+33.3%
5+ 11
0.0%

Summary: The Union Point 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Point, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Union Point in April 2024, down by 20.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Union Point, GA

How long does it take to sell a home in Union Point, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
1 Days16 Days+983.3%

Summary: Homes in Union Point had an average of 16 days on market in Apr 2024, up by 983.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 4 homes were sold in Union Point; 100% of homes were sold within 30 days, 0% 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 15 Days Ago

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