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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union County is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Union County was a Neutral Market.

Key Takeaway

Union County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Union County, IL

How much do homes in Union County, IL cost?

Median Sold Price

$131,000

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$8,000(-5.8%)

Key Takeaway

Homes in Union County have sold for 5.8% less than they did a year ago.

Summary: The median home sold price in Union County was $131,000 in November 2024, down 5.8% from last year, and the median price per square foot was $84.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$185K
N/A
2 $63.5K$74.8K
+17.8%
3 $152K$135K
-11.2%
4 $180.2K$226K
+25.4%
5+ $360K$345K
-4.2%

Summary: Union County 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 increased by 17.8%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Counties

Jackson County
+17.9%
Johnson County
+13.5%
Union County
-5.8%

Housing Supply in Union County, IL

How many homes are available in Union County, IL?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5458+7.4%

Summary: The Union County real estate market had 58 homes for sale in November 2024, a 7.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1515
0.0%
3 2630
+15.4%
4 88
0.0%
5+ 33
0.0%

Summary: The Union County 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Union County in November 2024, down by 42.9% 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 County, IL

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

Average Sale Time

Nov 2023Nov 2024CHANGE
66 Days120 Days+81.4%

Summary: Homes in Union County had an average of 120 days on market in Nov 2024, up by 81.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 4 homes were sold in Union County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 2 Days Ago

Newest Listings in Union County, IL

Nearby Markets to Union County, IL

What housing markets are near Union County, IL?