$5,926 Closing Credit*
$499,000
1,490 SqFt
3 Beds
•2 Full Baths
David Camp, 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 November 2023
Since last year, Union Pier has remained a Seller'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
$940,000
$440/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$175,000(+22.9%)
Key Takeaway
Homes in Union Pier have sold for 22.9% more than they did a year ago.
Summary: The median home sold price in Union Pier was $940,000 in November 2024, up 22.9% from last year, and the median price per square foot was $440.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337K | $244K | -27.6% |
| 2 Bedrooms | $569.5K | $565K | -0.8% |
| 3 Bedrooms | $675K | $775K | +14.8% |
| 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 November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.6%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
| Union Pier | $765K | $940K | +22.9% |
| New Buffalo Township | $585K | $669K | +14.4% |
| Chikaming Township | $630K | $686K | +8.9% |
Housing Supply in Union Pier, MI
How many homes are available in Union Pier, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Summary: The Union Pier real estate market had 22 homes for sale in November 2024, a 12.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 9 | 10 | +11.1% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Union Pier 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 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 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 Pier, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Union Pier in November 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -7.9% |
Summary: Homes in Union Pier had an average of 30 days on market in Nov 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were 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 November 2024, 5 homes were sold in Union Pier; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
