$1,500,000
6.04 Acres
Land
Betty M Biernacki, Listing Office: Berkshire Hathaway HomeServices Chicago
Is Union Pier, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Union Pier was a Buyer's Market.
Key Takeaway
Union Pier is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Union Pier, MI
How much do homes in Union Pier, MI cost?
Median Sold Price
$787,499
$432/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$47,000(-5.6%)
Key Takeaway
Homes in Union Pier have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in Union Pier was $787,499 in December 2024, down 5.6% from last year, and the median price per square foot was $432.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $244K | -27.6% |
| 2 Bedrooms | $617.7K | $565K | -8.5% |
| 3 Bedrooms | $601K | $732.4K | +21.9% |
| 4 Bedrooms | $1.1M | $1.5M | +28.5% |
| 5+ Bedrooms | $1.3M | $1.6M | +21.5% |
Summary: Union Pier housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
| New Buffalo Township | $600.5K | $675K | +12.4% |
| Chikaming Township | $620K | $689.5K | +11.2% |
| Union Pier | $834.5K | $787.4K | -5.6% |
Housing Supply in Union Pier, MI
How many homes are available in Union Pier, MI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Union Pier real estate market had 17 homes for sale in December 2024, a 15.0% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 10 | 9 | -10.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Union Pier 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 increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Union Pier, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Union Pier in December 2024, down by 20.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Union Pier, MI
How long does it take to sell a home in Union Pier, MI?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 22 Days | 17 Days | -19.3% |
Summary: Homes in Union Pier had an average of 17 days on market in Dec 2024, down by 19.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Union Pier are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 4 homes were sold in Union Pier; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
