Is Union County, NC 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, NC
How much do homes in Union County, NC cost?
Median Sold Price
$459,936
$212/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 $459,936 in April 2024, up 3.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $264.9K | +70.9% |
2 Bedrooms | $263K | $286.7K | +9.0% |
3 Bedrooms | $362.2K | $374.3K | +3.3% |
4 Bedrooms | $505K | $519.8K | +2.9% |
5+ Bedrooms | $720.6K | $766.8K | +6.4% |
Summary: Union County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.9%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Counties
Anson County | $150K | $170K | +13.3% |
Stanly County | $275K | $299.9K | +9.1% |
Mecklenburg County | $415K | $430.9K | +3.8% |
Union County | $443.8K | $459.9K | +3.6% |
Cabarrus County | $339.9K | $345.1K | +1.5% |
Housing Supply in Union County, NC
How many homes are available in Union County, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
839 | 890 | +6.1% |
Summary: The Union County real estate market had 890 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 58 | 45 | -22.4% |
3 Bedrooms | 334 | 349 | +4.5% |
4 Bedrooms | 265 | 295 | +11.3% |
5+ Bedrooms | 181 | 200 | +10.5% |
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 decreased by 22.4%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
232 | 251 | +8.2% |
Asking Price vs. Sold Price
109 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Summary: A total of 251 homes were sold or pending in Union County in April 2024, up by 8.2% month-over-month. Of the 251 sold homes, 43% were sold under asking, 20% were sold at asking, and 36% were sold over asking.
Days on Market for Union County, NC
How long does it take to sell a home in Union County, NC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 24 Days | -36.0% |
Summary: Homes in Union County had an average of 24 days on market in Apr 2024, down by 36% compared to last year.
Breakdown of Home Sale Times
192 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 251 homes were sold in Union County; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.