Is Union, OH 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 has remained a Seller's Market.
Key Takeaway
Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union, OH
How much do homes in Union, OH cost?
Median Sold Price
$186,500
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Union have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Union was $186,500 in May 2024, up 0.6% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.9K | $162.6K | +8.5% |
| 3 Bedrooms | $178.4K | $181K | +1.4% |
| 4 Bedrooms | $282.7K | $267.4K | -5.4% |
| 5+ Bedrooms | $252.9K | $355K | +40.3% |
Summary: Union housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 40.3%.
Median Sold Price Compared To Nearby Cities
| Clayton | $209.7K | $240K | +14.4% |
| West Milton | $182K | $199.4K | +9.6% |
| Union Township | $200K | $212.5K | +6.3% |
| Union | $185.4K | $186.5K | +0.6% |
| Union City Township | $177.4K | $176.5K | -0.5% |
Housing Supply in Union, OH
How many homes are available in Union, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 30 | -11.8% |
Summary: The Union real estate market had 30 homes for sale in May 2024, a 11.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 22 | 20 | -9.1% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Union housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Union in May 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 11% were sold at asking, and 44% were sold over asking.
Days on Market for Union, OH
How long does it take to sell a home in Union, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 80 Days | 51 Days | -35.6% |
Summary: Homes in Union had an average of 51 days on market in May 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Union has remained consistent over time.
Summary: During May 2024, 9 homes were sold in Union; 0% of homes were sold within 30 days, 89% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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