Is Union Park, FL 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 Park has remained a Seller's Market.
Housing Prices in Union Park, FL
How much do homes in Union Park, FL cost?
Median Sold Price
$399,900
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union Park was $399,900 in May 2024, up 1.4% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $177K | $181.7K | +2.7% |
2 Bedrooms | $250.6K | $260K | +3.7% |
3 Bedrooms | $367.2K | $375.6K | +2.3% |
4 Bedrooms | $473.6K | $485K | +2.4% |
5+ Bedrooms | $560K | $605K | +8.0% |
Summary: Union Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
Orlando | $365.6K | $385.1K | +5.3% |
Casselberry-Altamonte Springs | $355.2K | $368.2K | +3.7% |
Union Park | $394.2K | $399.9K | +1.4% |
East Orange | $523.8K | $525.7K | 0.4% |
Housing Supply in Union Park, FL
How many homes are available in Union Park, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
673 | 713 | +5.9% |
Summary: The Union Park real estate market had 713 homes for sale in May 2024, a 5.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 11 | +37.5% |
2 Bedrooms | 62 | 67 | +8.1% |
3 Bedrooms | 313 | 326 | +4.2% |
4 Bedrooms | 214 | 231 | +7.9% |
5+ Bedrooms | 76 | 78 | +2.6% |
Summary: The Union Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 8.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
175 | 197 | +12.6% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Summary: A total of 197 homes were sold or pending in Union Park in May 2024, up by 12.6% month-over-month. Of the 197 sold homes, 57% were sold under asking, 22% were sold at asking, and 20% were sold over asking.
Days on Market for Union Park, FL
How long does it take to sell a home in Union Park, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 31 Days | +15.3% |
Summary: Homes in Union Park had an average of 31 days on market in May 2024, up by 15.3% compared to last year.
Breakdown of Home Sale Times
140 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Summary: During May 2024, 197 homes were sold in Union Park; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.