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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Union has remained a Seller's Market.

Key Takeaway

Union is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Union, IL

How much do homes in Union, IL cost?

Median Sold Price

$196,720

$144/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

-$123,280(-38.5%)

Key Takeaway

Homes in Union have sold for 38.5% less than they did a month ago.

Summary: The median home sold price in Union was $196,720 in December 2024, down 38.5% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 -$101K
N/A
2 -$163.5K
N/A
3 -$275K
N/A
4 $320K$89K
-72.2%
5+ --
N/A

Summary: Union housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 72.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jonesboro District 3
+23.5%
Union
-38.5%

Housing Supply in Union, IL

How many homes are available in Union, IL?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1110-9.1%

Summary: The Union real estate market had 10 homes for sale in December 2024, a 9.1% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 22
0.0%
3 45
+25.0%
4 42
-50.0%
5+ 00
0.0%

Summary: The Union housing inventory by bedroom type for December 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 25%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
27+250.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Union in December 2024, up by 250.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Union, IL

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

Average Sale Time

Nov 2024Dec 2024CHANGE
27 Days36 Days+33.0%

Summary: Homes in Union had an average of 36 days on market in Dec 2024, up by 33% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 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 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 7 homes were sold in Union; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% 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 7 Days Ago

Newest Listings in Union, IL

Nearby Markets to Union, IL

What housing markets are near Union, IL?