Is Union County, GA 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, Union County was a Seller's Market.
Housing Prices in Union County, GA
How much do homes in Union County, GA cost?
Median Sold Price
$404,800
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Union County was $404,800 in May 2024, up 11.3% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.5K | $200K | +40.4% |
2 Bedrooms | $290K | $315K | +8.6% |
3 Bedrooms | $397.6K | $425K | +6.9% |
4 Bedrooms | $542.9K | $589.4K | +8.6% |
5+ Bedrooms | $647.5K | $700K | +8.1% |
Summary: Union County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.4%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Counties
Union County | $363.5K | $404.8K | +11.3% |
White County | $320K | $351.1K | +9.7% |
Towns County | $369.6K | $389.7K | +5.4% |
Lumpkin County | $350.7K | $368.5K | +5.1% |
Fannin County | $561.8K | $584.9K | +4.1% |
Housing Supply in Union County, GA
How many homes are available in Union County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
353 | 438 | +24.1% |
Summary: The Union County real estate market had 438 homes for sale in May 2024, a 24.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 37 | +48.0% |
2 Bedrooms | 98 | 110 | +12.2% |
3 Bedrooms | 144 | 192 | +33.3% |
4 Bedrooms | 62 | 71 | +14.5% |
5+ Bedrooms | 24 | 28 | +16.7% |
Summary: The Union County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 31 | +29.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Union County in May 2024, up by 29.2% month-over-month. Of the 31 sold homes, 77% were sold under asking, 19% were sold at asking, and 3% were sold over asking.
Days on Market for Union County, GA
How long does it take to sell a home in Union County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 59 Days | +53.2% |
Summary: Homes in Union County had an average of 59 days on market in May 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Union County; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.