Is South Union Township, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Union Township has remained a Seller's Market.
Housing Prices in South Union Township, PA
How much do homes in South Union Township, PA cost?
Median Sold Price
$220,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Union Township was $220,000 in May 2024, up 2.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $105K | +50.0% |
2 Bedrooms | $168K | $137.5K | -18.2% |
3 Bedrooms | $202.5K | $237K | +17.0% |
4 Bedrooms | $313.5K | $270K | -13.9% |
5+ Bedrooms | $251K | $429K | +70.9% |
Summary: South Union Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 17%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes increased by 70.9%.
Median Sold Price Compared To Nearby Cities
North Union Township | $147.5K | $155K | +5.1% |
South Union Township | $215K | $220K | +2.3% |
Uniontown | $165.1K | $160K | -3.1% |
Hopwood | $215K | $190K | -11.6% |
Housing Supply in South Union Township, PA
How many homes are available in South Union Township, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 53 | +43.2% |
Summary: The South Union Township real estate market had 53 homes for sale in May 2024, a 43.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 22 | 30 | +36.4% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The South Union Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 36.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 9 | +350.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in South Union Township in May 2024, up by 350.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for South Union Township, PA
How long does it take to sell a home in South Union Township, PA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
66 Days | 55 Days | -16.5% |
Summary: Homes in South Union Township had an average of 55 days on market in May 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in South Union Township; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.