Is Union City, GA 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.
Key Takeaway
Union City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union City, GA
How much do homes in Union City, GA cost?
Median Sold Price
$269,450
$148/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Union City has remained the same since last year.
Summary: The median home sold price in Union City was $269,450 in May 2024, down 0.2% from last year, and the median price per square foot was $148.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.1K | $80.5K | -18.0% |
| 2 Bedrooms | $131.9K | $195K | +47.8% |
| 3 Bedrooms | $258.9K | $247.5K | -4.4% |
| 4 Bedrooms | $340K | $330K | -2.9% |
| 5+ Bedrooms | $430.5K | $390.5K | -9.3% |
Summary: Union City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 47.8%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
| Fairburn-Union City | $282.8K | $285K | +0.7% |
| Fairburn | $347.3K | $347K | -0.1% |
| Union City | $270K | $269.4K | -0.2% |
| College Park | $390K | $366K | -6.2% |
Housing Supply in Union City, GA
How many homes are available in Union City, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 191 | 184 | -3.7% |
Summary: The Union City real estate market had 184 homes for sale in May 2024, a 3.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 98 | 98 | 0.0% |
| 4 Bedrooms | 56 | 55 | -1.8% |
| 5+ Bedrooms | 21 | 17 | -19.0% |
Summary: The Union City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 19%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 34 | -2.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union City, you may be able to get a good deal. 42.4% of homes here sold below asking price last month.
Summary: A total of 34 homes were sold or pending in Union City in May 2024, down by 2.9% month-over-month. Of the 33 sold homes, 42% were sold under asking, 30% were sold at asking, and 27% were sold over asking.
Days on Market for Union City, GA
How long does it take to sell a home in Union City, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 52 Days | +116.7% |
Summary: Homes in Union City had an average of 52 days on market in May 2024, up by 116.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Union City has remained consistent over time.
Summary: During May 2024, 34 homes were sold in Union City; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.