Is Union City, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union City is a seller's market

Buyer's
Market

Difference Since November 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, CA

How much do homes in Union City, CA cost?

Median Sold Price

$1,350,000

$807/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$150,000(+12.5%)

Key Takeaway

Homes in Union City have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Union City was $1,350,000 in November 2024, up 12.5% from last year, and the median price per square foot was $807.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $425K$411.5K
-3.2%
2 $607.5K$599K
-1.4%
3 $1.1M$1.2M
+9.3%
4 $1.3M$1.5M
+12.2%
5+ $1.6M$1.8M
+15.9%

Summary: Union City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 15.9%.

Median Sold Price Compared To Nearby Cities

Union City
+12.5%
Fremont
+10.7%
Hayward
+4.8%

Housing Supply in Union City, CA

How many homes are available in Union City, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9175-17.6%

Summary: The Union City real estate market had 75 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1716
-5.9%
3 2520
-20.0%
4 3629
-19.4%
5+ 129
-25.0%

Summary: The Union City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3034+13.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union City, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in Union City in November 2024, up by 13.3% month-over-month. Of the 33 sold homes, 27% were sold under asking, 6% were sold at asking, and 67% were sold over asking.

Days on Market for Union City, CA

How long does it take to sell a home in Union City, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days25 Days+22.6%

Summary: Homes in Union City had an average of 25 days on market in Nov 2024, up by 22.6% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 34 homes were sold in Union City; 71% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 3% 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 17 Days Ago

Newest Listings in Union City, CA

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