Is Unionville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Unionville was a Buyer's Market.
Key Takeaway
Unionville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Unionville, NC
How much do homes in Unionville, NC cost?
Median Sold Price
$402,500
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Unionville have sold for 17% less than they did a year ago.
Summary: The median home sold price in Unionville was $402,500 in May 2024, down 17% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $404.8K | N/A |
| 2 Bedrooms | $240.5K | $348.2K | +44.8% |
| 3 Bedrooms | $415.5K | $367.2K | -11.6% |
| 4 Bedrooms | $500K | $450K | -10.0% |
| 5+ Bedrooms | $625K | $600K | -4.0% |
Summary: Unionville 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 44.8%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 4%.
Median Sold Price Compared To Nearby Cities
| Monroe Township | $350.4K | $383.8K | +9.5% |
| Monroe | $357K | $385.4K | +8.0% |
| Goose Creek Township | $500K | $500K | 0.0% |
| Fairview | $535K | $529.5K | -1.0% |
| Unionville | $484.9K | $402.5K | -17.0% |
Housing Supply in Unionville, NC
How many homes are available in Unionville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 16 | -54.3% |
Summary: The Unionville real estate market had 16 homes for sale in May 2024, a 54.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 21 | 9 | -57.1% |
| 4 Bedrooms | 9 | 5 | -44.4% |
| 5+ Bedrooms | 4 | 1 | -75.0% |
Summary: The Unionville 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 remained the same, 3 bedroom homes decreased by 57.1%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 75%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 17 | 8 | -52.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Unionville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Unionville in May 2024, down by 52.9% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Unionville, NC
How long does it take to sell a home in Unionville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 94 Days | 39 Days | -58.2% |
Summary: Homes in Unionville had an average of 39 days on market in May 2024, down by 58.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Unionville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Unionville; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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