Is Union City, CA 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, Union City has remained a Seller's Market.
Housing Prices in Union City, CA
How much do homes in Union City, CA cost?
Median Sold Price
$1,233,333
$761/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union City was $1,233,333 in May 2024, up 2.8% from last year, and the median price per square foot was $761.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $405K | $419K | +3.5% |
2 Bedrooms | $565K | $575K | +1.8% |
3 Bedrooms | $1.1M | $1.1M | 0.0% |
4 Bedrooms | $1.3M | $1.5M | +11.9% |
5+ Bedrooms | $1.7M | $1.6M | -5.7% |
Summary: Union City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 5.7%.
Housing Supply in Union City, CA
How many homes are available in Union City, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 85 | +23.2% |
Summary: The Union City real estate market had 85 homes for sale in May 2024, a 23.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 33 | 40 | +21.2% |
4 Bedrooms | 23 | 25 | +8.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Union City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 36.4%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 31 | -3.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Union City in May 2024, down by 3.1% month-over-month. Of the 28 sold homes, 25% were sold under asking, 4% were sold at asking, and 71% were sold over asking.
Days on Market for Union City, CA
How long does it take to sell a home in Union City, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 9 Days | +9.7% |
Summary: Homes in Union City had an average of 9 days on market in May 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Union City; 90% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.