$2,494 Closing Credit*
$210,000
1,213 SqFt
2 Beds
•1 Full Bath, 1 Partial
Kristal Armstrong, Listing Office: Realty ONE Group Impact
Is Union Park, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Union Park has remained a Seller's Market.
Key Takeaway
Union Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Park, IA
How much do homes in Union Park, IA cost?
Median Sold Price
$176,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,500(+7.0%)
Key Takeaway
Homes in Union Park have sold for 7% more than they did a year ago.
Summary: The median home sold price in Union Park was $176,000 in October 2024, up 7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $152.4K | $155K | +1.7% |
| 3 Bedrooms | $176.9K | $184K | +4.0% |
| 4 Bedrooms | $201.7K | $197.5K | -2.1% |
| 5+ Bedrooms | $311K | $258.8K | -16.8% |
Summary: Union Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland Park | $152K | $171K | +12.5% |
| Union Park | $164.5K | $176K | +7.0% |
| Capitol Park | $157.2K | $153.2K | -2.5% |
| Martin Luther King Jr. Park | $123K | $115K | -6.5% |
Housing Supply in Union Park, IA
How many homes are available in Union Park, IA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 31 | -20.5% |
Summary: The Union Park real estate market had 31 homes for sale in October 2024, a 20.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 19 | 16 | -15.8% |
| 3 Bedrooms | 14 | 8 | -42.9% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Union Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Union Park, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Union Park in October 2024, the same as the previous month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Union Park, IA
How long does it take to sell a home in Union Park, IA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 45 Days | +145.8% |
Summary: Homes in Union Park had an average of 45 days on market in Oct 2024, up by 145.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Union Park are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Union Park; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
