Is Union County, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Union County has remained a Seller's Market.

Key Takeaway

Union County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Union County, SC

How much do homes in Union County, SC cost?

Median Sold Price

$160,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Union County has remained the same since last year.

Summary: The median home sold price in Union County was $160,000 in May 2024, the same as last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $225K$46K
-79.6%
2 $120K$110K
-8.3%
3 $161.5K$169.9K
+5.2%
4 $207.5K$260K
+25.3%
5+ $391.2K$202K
-48.4%

Summary: Union County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 79.6%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes decreased by 48.4%.

Median Sold Price Compared To Nearby Counties

Spartanburg County
+3.4%
Cherokee County
+1.9%
Union County
0.0%

Housing Supply in Union County, SC

How many homes are available in Union County, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8578-8.2%

Summary: The Union County real estate market had 78 homes for sale in May 2024, a 8.2% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 3326
-21.2%
3 3437
+8.8%
4 1711
-35.3%
5+ 03
+100.0%

Summary: The Union County 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 decreased by 21.2%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1725+47.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union County, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Union County in May 2024, up by 47.1% month-over-month. Of the 22 sold homes, 45% were sold under asking, 23% were sold at asking, and 32% were sold over asking.

Days on Market for Union County, SC

How long does it take to sell a home in Union County, SC?

Average Sale Time

May 2023May 2024CHANGE
35 Days55 Days+57.0%

Summary: Homes in Union County had an average of 55 days on market in May 2024, up by 57% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Union County are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 25 homes were sold in Union County; 48% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Union County, SC

Nearby Markets to Union County, SC

What housing markets are near Union County, SC?