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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Union County, SC

How much do homes in Union County, SC cost?

Median Sold Price

$165,000

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+6.5%)

Key Takeaway

Homes in Union County have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Union County was $165,000 in April 2024, up 6.5% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $128.5K$45K
-65.0%
2 $117.5K$104.2K
-11.3%
3 $159.9K$167.5K
+4.7%
4 $199.2K$250K
+25.5%
5+ $375K$202K
-46.1%

Summary: Union County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 46.1%.

Median Sold Price Compared To Nearby Counties

Cherokee County
+10.0%
Spartanburg County
+6.9%
Union County
+6.5%
Laurens County
-1.9%

Housing Supply in Union County, SC

How many homes are available in Union County, SC?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
7384+15.1%

Summary: The Union County real estate market had 84 homes for sale in April 2024, a 15.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 2331
+34.8%
3 3336
+9.1%
4 1616
0.0%
5+ 00
0.0%

Summary: The Union County 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 increased by 34.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1618+12.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union County, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Union County in April 2024, up by 12.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 6% were sold at asking, and 24% were sold over asking.

Days on Market for Union County, SC

How long does it take to sell a home in Union County, SC?

Average Sale Time

Apr 2023Apr 2024CHANGE
38 Days32 Days-15.2%

Summary: Homes in Union County had an average of 32 days on market in Apr 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 18 homes were sold in Union County; 39% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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 3 Days Ago

Newest Listings in Union County, SC

Nearby Markets to Union County, SC

What housing markets are near Union County, SC?