Is Union County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Union County has remained a Seller's Market.
Housing Prices in Union County, TN
How much do homes in Union County, TN cost?
Median Sold Price
$298,400
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Union County was $298,400 in April 2024, up 4.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $118.2K | N/A |
2 Bedrooms | $235K | $223.9K | -4.7% |
3 Bedrooms | $287K | $295K | +2.8% |
4 Bedrooms | $347K | $439.9K | +26.8% |
5+ Bedrooms | $649.9K | $894.5K | +37.6% |
Summary: Union County 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 decreased by 4.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes increased by 37.6%.
Median Sold Price Compared To Nearby Counties
Anderson County | $289.9K | $324.6K | +12.0% |
Campbell County | $220.7K | $235K | +6.5% |
Union County | $284.5K | $298.4K | +4.9% |
Grainger County | $269.3K | $274.6K | +2.0% |
Claiborne County | $227.9K | $229.6K | +0.7% |
Housing Supply in Union County, TN
How many homes are available in Union County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 81 | +14.1% |
Summary: The Union County real estate market had 81 homes for sale in April 2024, a 14.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 38 | 49 | +28.9% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Union County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Union County in April 2024, up by 125.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 41 Days | -1.9% |
Summary: Homes in Union County had an average of 41 days on market in Apr 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Union County; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.