Is Union County, SC 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 County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $225K | $46K | -79.6% |
2 Bedrooms | $120K | $110K | -8.3% |
3 Bedrooms | $161.5K | $169.9K | +5.2% |
4 Bedrooms | $207.5K | $260K | +25.3% |
5+ Bedrooms | $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 | $269.9K | $279.1K | +3.4% |
Cherokee County | $214.9K | $219K | +1.9% |
Union County | $159.9K | $160K | 0.0% |
Housing Supply in Union County, SC
How many homes are available in Union County, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 78 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 33 | 26 | -21.2% |
3 Bedrooms | 34 | 37 | +8.8% |
4 Bedrooms | 17 | 11 | -35.3% |
5+ Bedrooms | 0 | 3 | +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 2024 | May 2024 | CHANGE |
---|---|---|
17 | 25 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 55 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
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.