$2,316 Closing Credit*
$195,000
1,008 SqFt
2 Beds
•1 Full Bath
Traci Jennings, Listing Office: RE/MAX Real Estate Center
Is Union Park, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Union Park was a Seller's Market.
Key Takeaway
Union Park is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Union Park, IA
How much do homes in Union Park, IA cost?
Median Sold Price
$176,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 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 November 2024, up 7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $90K | N/A |
| 2 Bedrooms | $154.9K | $155K | 0.0% |
| 3 Bedrooms | $188.5K | $182.7K | -3.1% |
| 4 Bedrooms | $208.5K | $197.5K | -5.3% |
| 5+ Bedrooms | $311K | $258.8K | -16.8% |
Summary: Union Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland Park | $154K | $174.9K | +13.6% |
| Union Park | $164.5K | $176K | +7.0% |
| Capitol Park | $157.2K | $156.5K | -0.5% |
| Martin Luther King Jr. Park | $123K | $111K | -9.8% |
Housing Supply in Union Park, IA
How many homes are available in Union Park, IA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 25 | -16.7% |
Summary: The Union Park real estate market had 25 homes for sale in November 2024, a 16.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 9 | 8 | -11.1% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Union Park 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 21.4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 4 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Union Park in November 2024, down by 60.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 45 Days | +169.1% |
Summary: Homes in Union Park had an average of 45 days on market in Nov 2024, up by 169.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was 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 November 2024, 4 homes were sold in Union Park; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
